With recent downturn in economy and crisis on the Wall Street almost every American (perhaps every person in the world) has seen one's retirement saving going down quite substantially. Even the safest haven in the retirement plans, viz. money market fund, couldn't keep money safe.

If you already save money in a retirement account you must be knowing that your money usually goes either into bonds or stocks. And by any standard none is a safe haven for a retiree.

In this financial turmoil caused by sub-prime mess and wisdom of Wall Street veterans everything looks bad. Declining 401K balance is heart breaking and fear starts creeping in forcing us to think "what next?".