IBEW Local Union No. 22/NECA
Defined Contribution Pension Plan B
Electrical
To: All Participants of the
IBEW Local Union No. 22/NECA
Pension Plan “B”
From: The Vanguard Group
Dear Participant:
There’s no question that the news from Wall Street has been distressing.
But how should you respond to the headlines?
If you’re like most retirement plan participants, you’ve remained focused on the long run.
As always, you can find these and other stories about the markets, Vanguard® funds, and how to maintain a long-term perspective on Vanguard.com. To view these articles, type the article’s address into your web browser. Or you will find a link on www.ibew22.org to this communication which will allow you to simply click on the link leading you to each article. (If you do not have internet access, please contact the Fund Office at (402) 593-7565 to have an article printed for you.)
Vanguard CEO Bill McNabb on
recent market events
In
this video, Vanguard CEO Bill McNabb discusses market volatility, the reaction
of our shareholders, the status of our money market funds, and the financial
strength of Vanguard.
https://retirementplans.vanguard.com/VGApp/pe/PubVgiNews?ArticleName=McNabbQnAVideo
Since
the start of September, the financial services industry has undergone dramatic
upheaval. Name-brand institutions have gone bankrupt or been acquired; others
have been forced to seek federal government protection. The turmoil raises an
obvious question: How secure is Vanguard? In a word, "very."
https://retirementplans.vanguard.com/VGApp/pe/PubVgiNews?ArticleName=VanguardStrengths
As stock prices fall, here’s
how to keep your cool
It’s perfectly natural to
be concerned when the value of your investments falls. You can weather these
swings by sticking to a carefully selected investment plan based on your
long-term personal situation and goals, and not on the short-term moods of the financial
markets. Here are some tips.
https://retirementplans.vanguard.com/VGApp/pe/PubVgiNews?ArticleName=WhenStocksGoDown
A word on Vanguard money market
funds
Vanguard is confident in
the stability of its money market funds, which it continues to manage with
extreme prudence.
Our largest money market
fund, Vanguard® Prime Money Market Fund, holds more than half of its
assets in U.S. Treasury and federal agency securities. It has no exposure to
money market instruments issued by securities dealers, including Lehman
Brothers. It also has no exposure to securities of AIG.
https://retirementplans.vanguard.com/VGApp/pe/PubVgiNews?ArticleName=MoneyMarket
As Wall Street wobbles, the
impact on diversified portfolios is muted
A number of Vanguard stock
and fixed income funds have modest exposure to distressed financial companies.
But most of our clients have built portfolios designed to weather market
turbulence.
As they have in crises
past, the time-tested principles of diversification and balance, fortified by a
long-term perspective, may likely prove the most productive response to the
market's recent turmoil.
https://retirementplans.vanguard.com/VGApp/pe/PubVgiNews?ArticleName=WallStreetWobbles
Vanguard Chief Investment
Officer Gus Sauter on market turmoil
Amid continuing fallout
from unsettled credit markets, punctuated by the collapse of Lehman Brothers
Holdings Inc., investors may wonder where it will all end.
In this video interview,
Gus Sauter, Vanguard’s chief investment officer, offers his thoughts on the
resiliency of our financial system.
https://retirementplans.vanguard.com/VGApp/pe/PubVgiNews?ArticleName=GusSauterVideo
Visit www.vanguard.com
to obtain a fund prospectus, which includes investment objectives, risks,
charges, expenses, and other information; read and consider carefully before
investing.
An investment in a money market fund is not insured or guaranteed
by the Federal Deposit Insurance Corporation or any other government agency.
Although a money market fund seeks to preserve the value of your investment at
$1 per share, it is possible to lose money by investing in such a fund.
All investing is subject to risks. Investments in bond funds are
subject to interest rate, credit, and inflation risk. While
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