Experts Answer Your 401(k) Questions

"The money in the bank is insured up to $250,000 instead of the normal $100,000. For some retirement accounts, the coverage limit is $250,000 the entire time."

Learn how you should handle your 401(k) in the tough economy.

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Ron Leiber and Laura Rowley: It depends on the size of your account.

Leiber: "You have to be worried about the limits. If this is a pension fund [for a small business], there may be more than $250,000 in that pension account at a particular bank. You may want to consider moving it to separate banks so that you're under the limit at each one."

Rowley: "The good news? Those interest rates are starting to tick up because the banks are cash-starved. They want your cash."

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Should I Start Saving for My Kids' College With the Market Now, or Wait Until the Market Turns?

Everyone: If you have a small child, then absolutely, start saving now. If your kid is about to go to college, you may want to think more conservatively.

Yochim: "Time is on a baby's side right now. Whatever you can, stock it away in a 529 plan. It's a great way to save and you also get tax savings. All states offer a 529 plan. Some of them will give you a tax reduction."

Rowley: "I had recently spoken to somebody whose child is about to go to college and they still had all the 529 allocated in stocks. That's the tricky part. You have to be careful. You should move to something a little more conservative."