I have been managing my father-in-law's IRA for the last 5 years or so in a fidelity account. I've been doing pretty good with it as it's up over 4% YTD with a 30/70 split.
Several companies seem to be contacting him every month about annuities, hence my annuities questions a while back. I've been talking him out of all kinds of stuff. I did suggest a SPIA when rates rebound.
Today I got email alerts that 6 trades were executed. So when I call to see to what happened, I am told that the account has been liquidated and is on it's way to jackson.com.
Anyone ever heard of them? I can't wait to see what they talked him into. I would be shocked if they actually offered him something in his best interest.
Several companies seem to be contacting him every month about annuities, hence my annuities questions a while back. I've been talking him out of all kinds of stuff. I did suggest a SPIA when rates rebound.
Today I got email alerts that 6 trades were executed. So when I call to see to what happened, I am told that the account has been liquidated and is on it's way to jackson.com.
Anyone ever heard of them? I can't wait to see what they talked him into. I would be shocked if they actually offered him something in his best interest.