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Preserving Your Pension In Tough Times

Stock and bond funds in 401(k) accounts took a hit this past quarter, and many people are worried about their retirement funds. Economist Teresa Ghilarducci addresses financial concerns about retirement and offers her own solution to the pension problem.

Ghilarducci is a professor of economic policy analysis at the University of Notre Dame, where she specializes in pension benefits. She is also the director of the Higgins Labor Research Center and a Wurf fellow at the Labor and Worklife Program at Harvard Law School.

Her latest book, When I'm Sixty-Four: The Plot Against Pensions and the Plan to Save Them, proposes that pensions should be managed by the federal government rather than Wall Street.

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