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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The cure for everything is saltwater. Sweat, tears, or the sea.
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