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<blockquote data-quote="menotyou" data-source="post: 822134" data-attributes="member: 24535"><p>You are both correct. My father(after retiring as BA for carpenter's) was the carpenters pension fund admin for the now defunct 278. Prudent financial planning dictates not depending on one source.</p><p></p><p>Before anyone asks, he saw the Madoff thing coming long before the other carp. pension people. When he retired from pension fund, he shut it down rather than moving it to the Syracuse plan. He, also, tried to counsel his members to stay away from that plan because of mismanagement. Turns out he was right. Unfortunately. A lot of good men and women lost a lot of money because of greedy fund managers.</p></blockquote><p></p>
[QUOTE="menotyou, post: 822134, member: 24535"] You are both correct. My father(after retiring as BA for carpenter's) was the carpenters pension fund admin for the now defunct 278. Prudent financial planning dictates not depending on one source. Before anyone asks, he saw the Madoff thing coming long before the other carp. pension people. When he retired from pension fund, he shut it down rather than moving it to the Syracuse plan. He, also, tried to counsel his members to stay away from that plan because of mismanagement. Turns out he was right. Unfortunately. A lot of good men and women lost a lot of money because of greedy fund managers. [/QUOTE]
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