Wednesday, January 21, 2009

Tip of the Day: Don't let your retirement plan get 'Madoff'd'

A new report in Workforce Management sketches out the Dec. 11, 2008, arrest of Bernard Madoff, a Wall Street trader and former Nasdaq chair, who allegedly ran a $50 billion Ponzi scheme.

Although few pension plans had money invested with Madoff, the scandal means employers need to adopt a "healthy skepticism" about their retirement plan investments, Workforce reports. Read their advice from experts here.

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