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Reply to "Pension Benefit Guaranty Corp.?"
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[quote=Anonymous][quote=Anonymous]Yes, the PBGC acts sort of like the FDIC. However, if the news paper fails and PBGC takes over your pension, [b]you likely will get only pennies on the dollar. [/b]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] Apparently that's not the case. I read others discussing this on a financial forum. Should get mostly all of it - but makes some calls and find out.[/quote]
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