Fact: Not true! The PBGC doles out only a FRACTION of the actual benefits owed if a company's pension plan fails.
The PBGC doesn't cover any of the major benefits like severance, vacation, or sick pay. All those benefits will disappear if your pension collapses.
Bottom line: You need to take charge of your own retirement! Don’t count on the government OR your workplace to be your retirement watchdogs. It’s up to you! (And we’re here to help — see some of our other articles and tools, designed to do just that, below...)
More on taking charge of your retirement:
How to Vacation and Not Break Your Budget!
If the travel bug is biting you this summer, you should know it is possible to go on vacation without taking a bite out of your budget! Our Straight Talk guide will show you how to have an enjoyable trip without letting high-priced gas get in the way.
Read More. 
One Quick Tip Before You Retire
Here's an often overlooked step you must take before you retire. It's simple to do, and it could save you a lot of money. Read on for details. Read More.
Delaying Social Security Can Extend the Life of Your Savings
If you're one of many seniors who fear they will outlive their money, try this tip to extend the life of your savings. Read More.
How to Avoid ATM and Bounced Check Fees
Granted, it is so convenient being able to withdraw money from your account at any bank's ATM. But watch those fees! Daria Dolan tells you how to plan ahead to avoid unnecessary costs. Read More.
Affordable Life Insurance Tips
If you have a life-threatening illness or chronic disease, don't assume you can't secure life insurance. Shop around and you might be surprised that you can, at some very affordable rates. Read More.
Debt Management
Family & Money
- Our Top Back-to-School Bargains!
- No Hard Feelings: How to Lend Money to Family and Friends
- Take Advantage of Tax-Free Shopping!
Invest Wisely
Your Top Money Questions - Answered!
Have you ever wondered:
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Alert: What the FDIC Doesn't CoverThe FDIC offers protection for your bank deposits, which is critical in a time when bank failures are on the rise. But there's one area where the FDIC won't help you out. And it's an important one. Read on to find out what it doesn't protect. () |
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