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Reply to "Pension Benefit Guaranty Corp.?"
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[quote=Anonymous]Yes, the PBGC acts sort of like the FDIC. However, if the news paper fails and PBGC takes over your pension, you likely will get only pennies on the dollar. Call the PBGC's help line. They are happy to answer questions (but will not give advice). Without knowing more, I'd suggest taking the lump sum and simply investing it in a safe Vanguard fund. But if you struggle with willpower and might use the Vanguard fund, I guess you could buy an annuity instead. [/quote]
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