OT - Any finance gurus on here?

JFish
on 9/16/08 5:26 am - Crane, TX
I've got low 6 figures invested in a 403(b) that is held by AIG. Given what's on the news today about AIG possibly going tits up, what would you do?
The free man owns himself. He can damage himself with either eating or drinking....... If he does he is certainly a damn fool, and he might possibly be a damned soul; but if he may not, he is not a free man any more than a dog.
majesticman
on 9/16/08 6:05 am - Upstate, NY

Fish

Don't know enough to give you good advice and too serious to make a joke.  Probably should talk to or lawyer or at least start reading the fine print to see if anything is insured.

Good Luck.

Lou

***************************************************
WARNING!!  Lie Detectors Tell the Truth!

Lou

Renovatio
on 9/16/08 6:12 am
the FDIC insures up to $100,000....the fed is backing AIG as of now so I wouldnt worry.
Eddie_W
on 9/16/08 7:51 am - FL
Fish  It is safe     you are insured to 240K  

plus they have holding Co's that actually hold the stocks for the funds

JFish
on 9/16/08 8:23 am - Crane, TX
Alright, thanks. I've since talked to my boss who talked to the guy who handles all these funds for all the employees and he says most of ours are in treasury bond backed funds anyway. So maybe we'll be ok. Unless the country goes tits up too.
The free man owns himself. He can damage himself with either eating or drinking....... If he does he is certainly a damn fool, and he might possibly be a damned soul; but if he may not, he is not a free man any more than a dog.
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