Q. A rumor is going around at work telling everyone to get their money out of the G Fund because the government is going to borrow from it and won’t be able to repay.  They said that it almost happened once in the 90s and could happen again real soon, so people should avoid G altogether because, although it has the least risk, it’s not safe from the government getting to it.  Sounds like another vicious rumor; what do you think?

A. I agree — an unfounded rumor.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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