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Quote: With a 401k you can move it to a money market which is safer but doesn't yield much. Talk to your financial advisor at your place of employment. It does seem that people are punished for doing the right thing and taking responsibility for their future. I don't think it will be the "big...

Quote: Some are proposing putting that money to work to give the FDIC and SIPC the funds to " stand behind " the 401k.s 403b's to insure ALL savings from retirement plans, Money Market Funds, Money Market Accts. and savings of ANY kind. Let's hope so. As of today though much of it is already...

The bail-out may not be a good long-term solution but that was MY retirement that just went out the window. A coworker was planning on retiring this spring which will be impossible now unless the market comes back. It's not just the banks that are being punished.