The North Winds Howled

Retirement accounts took a hit last year, not only from the economic meltdown, but also because of swindlers like Bernard Madoff. Here are some practical ways you might help clients clean up this mess.

The year 2009 was very rough on retirement accounts. Not only did they take a hit from the economic downturn, but also many suffered because of swindlers like Bernard Madoff. And some were drained by the very rules, bureaucracies and agencies set up to administer them.

So, how do we advisors go about cleaning up the wreckage and recouping losses? There are some strategies worth considering. Not one is perfect.

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