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Saturday, November 7, 2009
After getting laid off, Brad Cleghorn had to cash out his 401(k) to pay the mortgage. "Necessity outweighs any other thing, any investments.," he said.
(Rich Chapman/Sun-Times)
Laid-off workers tapping 401(k) funds to survive As the last of his severance pay dwindled away in March, Brad Cleghorn of northwest suburban Marengo cashed out his 401(k) plan in order to pay his mortgage and feed his family. Cleghorn is not alone. A Hewitt Associates study shows that 46 percent of workers with 401(k) plans who lost or switched jobs cashed the plans in, a trend that could lead to serious problems when younger generations of people working today reach retirement.

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Top cop 'nervous' about likely retirement surge

Chicago Police Supt. Jody Weis said Friday he is "extremely nervous" that a wave of police retirements next year -- after an arbitrator rules on the new police contract -- will stretch a burgeoning manpower shortage beyond levels he considers safe.


4 charged in lottery scam targeting elderly Hispanics Speeding tickets get tossed, but no LIDAR letup Chicago Firefighters get new tool to revive pets Aurora man who robbed 16 banks caught again in Kentucky Gary mayor urges city to resist surge in city's violent crime Three teens shot at Southeast Side party Gurnee cabbie held in Ohio corpse tampering case Buffalo Grove police charge alleged fire, police impostors Prosecutors: Correctional officer stole from inmates entering jail Two men shot in West Englewood New 'Field of Dreams' sprouting in Zion Joliet West student arrested in bomb threat 2 area swine flu deaths bring state total to 36 Pvt. Francheska Velez Pfc. Michael Pearson Metro briefs Tow truck driver killed by his own runaway truck Fourth teen charged in Fenger beating Cubby Bear attacker was 'laying in wait' 4 charged in lottery scam targeting elderly Hispanics Aurora man who robbed 16 banks caught again in Kentucky Fourth teen charged in Fenger beating Buffalo Grove police charge alleged fire, police impostors Three teens shot at Southeast Side party Two men shot in West Englewood 19-year-old shot in legs in Englewood Prosecutors: Correctional officer stole from inmates entering jail Cubby Bear attacker was 'laying in wait'
Democrats clear hurdle on health care; Obama to meet with House members

WASHINGTON -- President Barack Obama is traveling to Capitol Hill on Saturday to try to close the sale on his signature health care overhaul, facing a make-or-break vote in the House certain to be seen as a test of his presidency.



Unemployment hits 10.2%, worst since '83 Gunman kills 1, hurts 5 in Orlando 'DWI chair' brings $10,000 in cops' eBay auction L.A. City Council rushing out cat claws clause Baltimore mayor's trial to start in gift-card scandal Obama extends jobless benefits, mortgage break Ex-Gov. Palin to headline at Gridiron Club Two men from northwest suburbs charged with beating sleepwalker 230 years later, Pulaski becomes a U.S. citizen At the White House, he's dog's best friend Pa. prostitution charges tossed Pfc. Michael Pearson Russell Seager Off-duty civilian cop praised as Fort Hood hero Ohio town to toast Vietnam veterans AARP is backing health bills Pvt. Francheska Velez Does porn empower women?
South Korean woman passes driver's exam on 950th try

The aspiring driver spent more than 5 million won ($4,200) in application fees, but until now had failed to score the minimum 60 out of a possible 100 points needed to get behind the wheel for a driving test.



South Korean woman passes driver's exam on 950th try British Columbia already gets $821M Olympics bonus: study Britain wants G20 insurance against future bailouts Germans commemorate fall of Berlin Wall Snows of Kilimanjaro rapidly melting 2 GIs missing in Afghanistan
Democrats clear hurdle on health care; Obama to meet with House members

WASHINGTON -- President Barack Obama is traveling to Capitol Hill on Saturday to try to close the sale on his signature health care overhaul, facing a make-or-break vote in the House certain to be seen as a test of his presidency.



Ex-Gov. Palin to headline at Gridiron Club
Hand gel a winning weapon against infection

Got hand gel? If not, you should. Hand gel is everywhere -- and with good reason.



2 area swine flu deaths bring state total to 36 AARP is backing health bills Dr. Donald Baim: Famed cardiologist, medical device exec Pfc. Michael Pearson Pvt. Francheska Velez




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