Anyone Actually Have an Account with AIG?

**AmyBoz** · 09-23-2008, 08:49 PM

Is there anyone on here who actually has an account or is insured by AIG? Everyone seems to have an opinion on the bail out, but I'm curious if there is anyone on here who is actually dealing with this on a personal level.

Besides ME, that is.

My 403b, which is the public employees version of a 401k, is through AIG. We got a letter in the mail saying how they'd love to meet with all of us individually to discuss "this matter" but they realistically can't. Then it goes into some vague description of what is going on and tries to reassure us that our money is safe and not lost at this time.

Real comforting. Real comforting.

Anyone else get "the letter?"

**indigo53** · 09-23-2008, 08:51 PM

Here. I have one through my emploter. I did have about 60K in it at one time

**Lady_V** · 09-23-2008, 09:05 PM

I no longer have accounts with AIG (or anyone right now). I did when I worked for the ex-fil. We actually were a branch of SunAmerica, which then merged with AIG. I think I heard him breathe a sigh of relief that he was no longer going through AIG/SunAmerica.

I am sorry anyone has to go through this. I hope everything gets turned around quickly and all of you can get your money back.

I do know from past experiences that they do have to be very careful when they send out anything in writing. As 'non-comforting' the vagueness may be, it may be all they can say at the moment. The Compliance Department can be sticklers. (We even had to send them a draft of birthday letters we wanted to send to clients).

**geckoace** · 09-24-2008, 09:36 AM

our term Life insurance is with them but we didnt get a letter or anything....makes me nervous, we are picking up speed on that debt snoball so we can get a better savings going JIC

**Greebo** · 09-24-2008, 09:58 AM

AIG is your fund manager - but the money in that fund is *yours*. AIG's downfall/weakness should *not* (hopefully) affect you other than maybe your company looks for new fund managers.

But I look forward to hearing your updates. If you could scan and post that letter, it might be revealing.

**dcompton** · 09-25-2008, 02:03 AM

I have the remnants of a 403b with them too. When I switched to TIAA-Cref two or three years ago, I tranferred it all out except for the portion in a guaranteed, interest bearing account. That can only be moved 20% each year, over 5 years, so I'm still chipping away at that. The next tranfer is due in, I think, November. I'm hoping it goes through smoothly.

But no word from them at all.