<The bottom line is probably about %3,500 in interest that my husband's pension has not received, assuming that if the monies had been left in the employee's plan, they had a 15% return during 1997. While not a huge sum of money today, the tax-deferred growth over 20 years of that amount is a large figure. Can anyone help with advice on where to go from here and what possibilities there are that can solve this? >There seem to be two options, one disagreeable and one that seems, IMAO, to be stupid.The disagreeable one is to forget it and go on with your investing life and say goodby to the $3500 or so.The stupid one is to resign from the company and sue them for nonfeasance of duty. The trouble is that it would be extremely difficult to show what you would have made by investing otherwise, including the value of more conservative investment that may be considered to have some insurance value, protecting you from capital loss (at the expense of opportunity cost, of course). But for the small amount of money you are talking about, it seems to me that the legal costs for a lawsuit would greatly exceed any possible recovery. Furthermore, even if legally possible to work for that corporation, psychologically and socially, it would probably become impossible. I think Chapter S corporations are a pain in many ways.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra