Your 401(k) is safe, but make sure to diversify
As the U.S. grapples with a financial crisis, many workers may be getting concerned about their 401(k) plans. Although it's important to remember that a person's 401(k) is safe even if the company that manages it goes out of business, its balance can drop. Diversity and asset allocation are more important now than ever in preventing further losses, writes Gerri Willis of CNN. CNNMoney.com (10/06)