Put Your Retirement Worries to Rest. No, Wait....

Were your 401k retirement savings decimated by the recent tumble in the stock market? Not to worry. You always have your old company pension plan to fall back on, right? Errrr...

It turns out that the federal agency that backstops private pension plans also was hammered by the market meltdown. House Education and Labor Committee Chairman George Miller said today that the Pension Benefit Guaranty Corp. lost "at least $3 billion" in stock investments in its trust fund in the 11 months ended Aug. 31.

Courtesy of Portfolio.com