Re: any protection for 401k monies?

Jane wrote:

> 90% of our savings is in a 401k.  A very large ****tion is in the "John
> Hancock Fixed Income Fund".  Is there any protection for this money?
> I'm not talking about protection against a drop in the interest rate,
> I mean if JH goes down the tubes does our money go with it?

The question is this, what is it invested in? And you may have a tough 
time getting an answer to that. Fixed income may include mortgage based 
products that are subject to the current market issues, although I 
believe if there were any exposure, you'd have seen some price impact 
already. You need to get more details as a search for "John Hancock" 
"Fixed Income Fund" yields nothing for me. It may be a fund created for 
your 401(k).

To answer the second half of your question, JH can go down the tubes and 
your money may be safe if the assets within the fund are safe. A good 
fund inside a failing investment house can survive unscathed.

JOE
www.blog.joetaxpayer.com

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