Monday, June 22, 2009

What happens when 401(k) collides with pink slip?

WASHINGTON (6/19/09)--With the nation's unemployment rate hovering close to 10% coupled with a scarcity of job openings, more workers are experiencing a head-on collision between their 401(k) and job loss. One of this week's H&FF Radio show guests explains what this "head-on crash" means for your retirement plans.

Home & Family Finance airs Sundays at 3 p.m. EDT on the Radio America Network. The show also is carried on American Forces Radio Network. The one-hour program devoted to consumer finance issues is brought to you by America's credit unions and their 90 million members, and is presented by CO-OP Network.

The Credit Union National Association (CUNA) and Radio America are podcasting Home & Family Finance through iTunes, Podcast Alley, Odeo, and other popular podcast library sites, as well as on Radio America and CUNA's websites.

Sunday's show, which you also can hear later via the Internet, features Paul Berry, Washington, D.C., journalist and broadcaster, discussing these topics with special guests:

"Keep Your Credit Card and Personal Information Safe on Vacation," with Lyn Chitow Oakes, chief marketing officer, Trusted ID, Redwood City, Calif.;

"Credit Card Repayment Relief: New Terms Offer Better Options for Consumers," with Gail Cunningham, vice president of public relations, National Foundation for Credit Counseling, Silver Spring, Md.;

"Job Loss and What It Means to Your 401(k)," with Jordan Amin, American Institute of Certified Public Accountants, New York, N.Y.;

"21st Century Transportation for a 21st Century America," with David Goldberg, Transportation for America, Washington, D.C.; and

Listener Q & A.

Home & Family Finance is a resource center for personal finance information at CUNA. The radio show is sponsored by CO-OP Network, the national credit union ATM network; Cabot Creamery Cooperative, maker of award-winning cheddar; Western Corporate FCU, also known as WesCorp, and its member credit unions; and the Defense Credit Union Council and member credit unions, serving those who serve our country worldwide.

For more information, read "Job-Hunting Tactics for This Recession" in Plan It: Retire Ready Toolkit.

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