What people keep running into with annuities
Complaints tagged annuities, each raised by more than one person. One-off posts are not included.
5 recurring problems · 51 people · 2 forums we read
Raised more than once
Most people first.
- 25How to help aging parents with massive debt and no retirement savingsDiscovering that parents have drained their retirement accounts and accumulated massive debt leaves adult children feeling overwhelmed and unsure how to intervene. This sudden financial crisis makes it difficult to plan for their future care, such as assisted living, without sacrificing one's own stability.
- 16What do I do with an inherited IRA?Inheriting a retirement account means navigating complex IRS rules, such as a mandatory 10-year emptying window, without clear guidance from financial institutions. This confusion leaves beneficiaries overwhelmed about how to invest the funds, whether they can transfer them to a Roth account, and how to withdraw money without triggering massive tax bills.
- 4How to avoid high fees on an inherited Edward Jones accountAccounts managed by traditional brokerages like Edward Jones often carry high fees and nickel-and-dime charges when transitioning to a beneficiary. For college students and inheritors, these unexpected costs cut into the balance and complicate account management before the transfer is finalized.
- 4Is an expensive old age life insurance policy worth keeping?Older policies sold at advanced ages often cost far more in cumulative premiums than the actual payout, trapping policyholders in cycles where canceling means losing thousands already paid. These contracts usually offer negligible cash surrender values, making it difficult to decide whether to stop payments or maintain coverage solely for a death benefit.
- 2What to do when a structured note maturesYou can reinvest in a new structured note or choose alternative products that provide a good return on investment. Notes prevent you from adding funds once locked in and carry underlying issuer risks, leading many to seek more flexible options. If the matured investment is in an IRA, the money must be rolled into another IRA to avoid incurring fees.
Comes up alongside
Topics that keep appearing on the same problems — not topics with similar names.