Monday, January 09, 2006

IBM Freezes Employee Pension Plan



How many generations has "Big Blue" been known as the company with "heart"? Well, it recently announced that it is discontinuing its employee pension plan. So, if you think that Social Security is your ticket to take care of you in your old age, better get some more eggs in your basket.

The good news about the economy, the DOW hitting over 11,000 first since before 9/11, is good, but you need to seriously look at your portfolio, or get one if you don't have one, because there are no guarantees.

A good place to start for some may be to simply read my guest, Cynthia Yates' book, Ditch the Diet and Budget. You can get more information and hear my interview with her here...


Hear the show (See 1/6/05)

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