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03-26-2008, 03:04 PM
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5,656 posts, read 17,946,885 times
Reputation: 4053
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I am completely ignorant here - maybe I am phrasing this question wrong - but what happens if a pension fund gets "raided" by a corporate raider? Or if your pension fund goes belly up like the Enron instance? Do you completely lose all the pension $$?
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03-26-2008, 04:18 PM
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Location: Great State of Texas
86,068 posts, read 76,624,212 times
Reputation: 27642
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Yup..you are at the mercy of the court
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03-26-2008, 05:44 PM
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Location: Boca Raton, FL
5,778 posts, read 9,406,402 times
Reputation: 7714
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How about annuities?
It says guaranteed. Are they?
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03-26-2008, 07:32 PM
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Location: Great State of Texas
86,068 posts, read 76,624,212 times
Reputation: 27642
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Guaranteed by who ? The company itself or an insurance company ?
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03-26-2008, 07:56 PM
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395 posts, read 404,451 times
Reputation: 30
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the only things u can count on is social security unless the us govt collapse or everyone stop having babies. dont believe those conspiracy theorists that said social security will go bankrupt in 2040 or something like that.
Last edited by vincentnyc; 03-26-2008 at 09:22 PM..
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03-26-2008, 09:19 PM
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20,194 posts, read 21,505,649 times
Reputation: 9233
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Annuities are only guaranteed as long as a company doesn't go bankrupt... if it is, then you are out of luck... same thing with life insurance, etc. etc.... a lot of life insurance companies set up to collect the premiums then invest and if they invested badly, they go belly up and you lose your life insurance policy and your premiums.. so I wouldn't pick a risky life insurance company, especially a no-name one or a financially unstable one...
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How about annuities?
