What will YOU be doing to succeed in '09 (part 2)?

Chuck talks about the recent changes to the federal credit card rules that promise to help overhaul the industry (but they're not coming soon enough!), some stats about how most Americans are drowning in credit card debt -- and helps out several callers and emailers with their questions. Verse of the Day: " Fear of the Lord is the foundation of true knowledge, but fools despise wisdom and discipline." ~ Proverbs 1:7 Nellie is starting a new job soon and wants to know what options she has with her old 401(k). Mike is considering buying a guaranteed variable annuity. What are the downsides to them? Terry will begin drawing his pension shortly (while still working there -- alright Terry!) and asks Chuck how to decide to take a lump sum distribution or a monthly payment option. If he takes a lump sum, what should he do with it? Mark wants to know what is the garnishment law in the state of Texas?