My company pension plan owns bunch of its own stock and with everything you hear out there today, I’m worried that all my savings will go down the toilet if the company goes down.  Can I move my money out of our company program to something else?

Dear Start Over:

 I would say; You’d be right that all would be lost if your company goes down.  Most will depend on how your pension plan was set up and the governing rules of the plan.  This is a good question for your Benefits Administrator. 

My opinion… It is not right to put all your eggs in one basket.  If you have the opportunity to re-allocate some of your funds and diversify; then do so!  Don’t be cheep and seek the advice of a trusted retirement planner.

So get cracking, get to know your investments plans in detail, seek advice from a trusted professionals and diversify.

See you at the old folks home…..the one you’ll be able to afford for being pro-active and smart about your investments.

Pressley Carson