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Fidelity strikes again
Old 04-22-2017, 10:56 AM   #1
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Fidelity strikes again

I log on to my Fidelity account this morning and see that my cash balance pension plan amount is no longer expressed as a balance, only a monthly annuity payment at age 65. Years ago they stopped providing monthly updates to the pension account in terms of interest and added benefit as a percentage of pay. Only represented as a combined addition to the account. I complained then to no avail.

Now my Quicken program that nightly queries all my accounts and calculates my net worth will not calculate for my pension, although I can manually enter the data.

I have a suspicious mind, and this makes me think Fidelity is trying to steer people to choosing the annuity option versus lump sum.
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Old 04-22-2017, 12:55 PM   #2
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I don't blame you for being suspicious. I have a feeling it may not have been Fido's decision to change how the result is displayed. I just checked my account at Fido which I haven't done since Megacorp added a lump sum option. It looks the same........default display is monthly pension at full retirement age.
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Old 04-23-2017, 09:18 AM   #3
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I just checked mine on the Fidelity site and it defaults to lump sum amount.
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