America is facing troubling economic times: collapsing credit markets, advancing inflation, exploding energy costs, crumbling dollar, massive trade and budget deficits, wildly unstable stock market, diminutive interest rates and more. All indicators point toward a full-blown recession and trouble for those in or near retirement. It is time to circle the wagons and button down the economic hatches for the turbulent economic weather ahead.
If you have a 401(k) or other employer-sponsored retirement plan, chances are you own mutual funds or other investments that rise and fall with the market. Can you afford to lose some or all of your hard earned money if the market crashes? Is there a better place to shelter my money and still earn a good rate of return?