[cildawg1]

I've been saving for years in my 403(b). But now with the economy of shaky grounds (and my 403(b) is with AIG), I'm getting really nervous. Is my plan insured? I've got 75% of my savings in this plan. My agent keeps telling me it's not really AIG, it's a subsidiary, but that doesn't make me feel any better. He also told me it was insured up to $500K. Is that coverage just until December 31, 2009? He may not be telling me the truth, because a lot of people are stopping their deductions. What's the real deal here? I have over $350,000 in this company and I can't afford to lose it. Everything that I have is in a fixed account.

:confused:

[Fr_Chuck]

403b

403b Plan

Advantages, Details, and Disadvantages of 403b Plans - a knol by Mike Rowan#


There is a lot of info available, remember your money is being managed by thie company but the actual investment should be in certain funds.

None of this money is FDIC insured

[cildawg1]

403b

403b Plan

Advantages, Details, and Disadvantages of 403b Plans - a knol by Mike Rowan#


There is alot of info available, remember your money is being managed by thie company but the actual investment should be in certain funds.

None of this money is FDIC insured

Great Information!! Thanks so much, Chuck.