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St. Paul, Minn.

How to protect your money in turbulent times

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Wall Street traders
Traders work on the floor of the New York Stock Exchange September 17, 2008 in New York City.
Photo by Mario Tama/Getty Images

More investment banks and other huge financial institutions continue to live on the edge of bankruptcy.

Economists predict the loss of trillions of dollars in financial wealth disappearing worldwide. But does that mean you should take your money out of money markets and mutual funds?

Personal financial consultant Ruth Hayden talks about what it takes to save during turbulent times.

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Wall Street traders
Traders work on the floor of the New York Stock Exchange September 17, 2008 in New York City.
Photo by Mario Tama/Getty Images