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Old 27.04.2019, 21:58
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Jim2007 Jim2007 is offline
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Re: Liberty vested benefit account?

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Looks like it's 0 fees and you can go up to 95% on equities. Am I missing something?
The part about not investing in equities unless you have at least a 5 year timespan for a start...

This account is intended to hold your pension funds between jobs... Lets say you become unemployed in January and put the funds into equities. Then in June you find a new job, but the equities are down 15%, you have I think it is a 3 month period in which to transfer the funds to your new employer's fund, what do you do? Sell at a loss and transfer the funds???

Now I know there are tricks to avoid having to move the whole fund to your new employer, the classic being that you pencil in the amount to transfer on the form and the foundation takes the hint. But the problem with that is that you end up being under ensured for disability benefits and a lower pension.

Unless you are in some kind of an unusual situation that you know you have no need to access the funds for a 5 to 7 year period, then it is a gamble.
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