Friday, January 22, 2010

Finance people should not lie to you....

OK, here's the deal- Nick had a 401K from his days at Essilor.
It isn't anywhere near what one would need for retirement but it's my financial anchor right now.
So, I have to move it into another type of spousal account which I did- (I hope).

After signing the papers, the broker asks me about Nick's OTHER 401k. I ask him what he is referring to and then he tells me- 'X' amount of dollars with 'X 'company.
Then he tells me that a guy from Peninsula Optical called him, told him about it and said mystery guy asked him 'to take care of me'.

First of all, I know he is lying because I had already had discussions with people at Peninsula and they knew nothing of this 401K, AND- they don't know dubious, crooked, broker dude and would not share private info with him if they did.

Now my financial future is resting in the hands of dubious, crooked, broker dude and I can not rest until it is no longer under his sweaty palms. By the way- this fund lost 37% over the last year and has earned only 20% over a period of 10 years of compond interest.

I would say dubious, crooked, broker dude isn't very good at finances OR lying.


And that is why I can't sleep right now.

XOXOXO,
Thanks for reading, thanks for caring!

Kimberley

2 comments:

  1. Holy Smokes, Kimberley!
    Sounds like you have to find yourself some financial people you can trust..sooner than soon!
    This all gives me the creeps.
    love, Ozzie

    ReplyDelete
  2. It's hard to believe how many people are out there ready to take advantage of those who are vulnerable. Maybe it's time to connect with a lawyer, Kimberley, to protect yourself and your assets. And I'll ask Peter to ask his friend in Oregon City if there's anyone he trusts in the financial world. Hang in there!

    Love, Adele

    ReplyDelete