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News To Know: Saving Your Savings
By Dave Goldstein, February 9, 2009 09:46 AM
When the saving gets tough, the tough get saving. That's pretty much the bottom line from the experts when it comes to protecting your retirement savings. While your portfolio is likely going through difficult times these days, there are still important measures that can be taken to protect what you've saved. Many of these strategies can be a bit painful and involve some sacrifice, but tough times call for tough measures. Cut back where you can, sock money away some place safe if you can, and you may have to put off retirement. However, with some fiscal restraint you can prevent losing your nest egg.