Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Fidelity strikes again
Old 04-22-2017, 10:56 AM   #1
Recycles dryer sheets
Olbidness's Avatar
Join Date: Jan 2009
Location: W. Galveston Bay
Posts: 263
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.

The cure for everything is saltwater. Sweat, tears, or the sea.
Olbidness is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-22-2017, 12:55 PM   #2
Thinks s/he gets paid by the post
Join Date: Aug 2004
Location: Laurel, MD
Posts: 4,503
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.

...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote
Old 04-23-2017, 09:18 AM   #3
Dryer sheet wannabe
Join Date: Feb 2016
Posts: 11
I just checked mine on the Fidelity site and it defaults to lump sum amount.
willing2try is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Law of large numbers strikes again mickeyd FIRE and Money 7 09-11-2016 01:55 PM
Dilbert Strikes again yakers Other topics 15 08-12-2013 09:25 AM
The Flying Spaghetti Monster Strikes Again! brewer12345 Other topics 7 03-26-2008 03:24 PM
Ewww - Kiyosaki Strikes Again ats5g FIRE and Money 15 02-07-2007 07:36 PM
Experiences with pilot strikes? gindie Other topics 7 04-06-2006 01:15 PM

» Quick Links

All times are GMT -6. The time now is 04:17 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.