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Brown Cafe UPS Forum
UPS Retirement Topics
Simple Hacks For Retirees. Financial Or Otherwise. "On Topic"
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<blockquote data-quote="beatupbrown" data-source="post: 4979594" data-attributes="member: 4488"><p>Correct you get hammered with fees, crazy part some fees are hidden, my mom put around 250k got hit with 12k in fees after all said and done. I flipped out went to the state reported it, I could no nothing it was a he said she said the bank was huge chain bank they lied about the fees I could not prove it.</p><p></p><p>After that I did lot of research on annuities you can do much better using other vehicles to retire on. Never use an insurance/ bank for investment advice you need a fiduciary based advisor with a CFP, CFA, PFS the more the better.</p><p></p><p><a href="https://money.com/collection-post/why-are-annuity-fees-so-high/" target="_blank">Why Are Annuity Fees So High?</a></p></blockquote><p></p>
[QUOTE="beatupbrown, post: 4979594, member: 4488"] Correct you get hammered with fees, crazy part some fees are hidden, my mom put around 250k got hit with 12k in fees after all said and done. I flipped out went to the state reported it, I could no nothing it was a he said she said the bank was huge chain bank they lied about the fees I could not prove it. After that I did lot of research on annuities you can do much better using other vehicles to retire on. Never use an insurance/ bank for investment advice you need a fiduciary based advisor with a CFP, CFA, PFS the more the better. [URL="https://money.com/collection-post/why-are-annuity-fees-so-high/"]Why Are Annuity Fees So High?[/URL] [/QUOTE]
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