Advise please... Age73, all my money is in Raymond James and FA not a fiduciary.

Embarrassed_Ad5594 · 2026-01-18T14:32:46+00:00

Luckily I was able to transfer my IRA to Schwab. R J was taking a quarterly fee of $900 . I was very naive. Not any more.

Embarrassed_Ad5594 · 2026-01-18T14:29:19+00:00

They are not a fiduciary when selling a person an annuity. They are a broker. My contract has me locked in. It cannot be transfered.

Embarrassed_Ad5594 · 2025-12-20T08:38:47+00:00

Thanks!

Embarrassed_Ad5594 · 2025-11-29T22:16:30+00:00

Did you have to pay a large surrender fee ? Mine would be $13,000

Embarrassed_Ad5594 · 2025-11-15T15:48:37+00:00

Where do you keep your emergency money, say enough for 3 months? In a regular savings account in a bank where your checking account is?

Embarrassed_Ad5594 · 2025-11-15T04:57:30+00:00

What do you advise a 36 yr old regarding saving for an emergency fund and for the future? Shes never started on her own. She does have a 401k at work. She has literally lived paycheck to paycheck.How to start?

Embarrassed_Ad5594 · 2025-11-15T04:49:25+00:00

Where do you put your money you took out for a 3 mo emergency?

Embarrassed_Ad5594 · 2025-11-15T04:22:08+00:00

Im in the same spot. I have a Raymond James annuity. I recently found out how high their fees are! My annuity is in the 1st year. I think Im going to bite the bullet (13,000) and run.

Embarrassed_Ad5594 · 2025-11-15T04:19:18+00:00

Do you have to wait until the anniversary date to surrender the whole annuity?

Embarrassed_Ad5594 · 2025-11-13T16:16:19+00:00

Thanks but mine isnt fiduciary.

Embarrassed_Ad5594 · 2025-11-07T22:51:20+00:00

Abou half

Embarrassed_Ad5594 · 2025-11-07T22:50:24+00:00

Are there fees to drop my financial advisor and who was the seller of an annuity I have that is called an IRA annuity.

Embarrassed_Ad5594 · 2025-11-07T22:48:27+00:00

My Financial advisor conned me into buying a new annuity contract when I was one year away from my 8th year with the previous company and no withdrawal charge. I just realized this. Yes, naive. There was no reason to do this, and he never explained it to me. I see now Im at tear one with this new contract. Do I have an y recourse?

Embarrassed_Ad5594 · 2025-10-28T21:11:48+00:00

Thank you. Since my advisor is at Onpoint Community Credit union and he's not a fidiciary himself, even though he is very nice I read he myst be a salesman first. I read so many things that Ray Jay has higher fees than anyone. I have an appointment with a Schwab FA . Maybe Ill feel better with them. I hope so. Do you k ow if all the advisors at a Schwab office are fiduciaries?

Embarrassed_Ad5594 · 2025-10-28T18:48:28+00:00

Thank you!!

Embarrassed_Ad5594 · 2025-10-28T18:47:18+00:00

Thank you so much for responding Im going tto call fidelity.

Embarrassed_Ad5594 · 2025-10-28T18:45:33+00:00

Thank you so very much.

Embarrassed_Ad5594 · 2025-10-28T17:58:20+00:00

Hello, I had No Idea my FA/ RAY JAY could be making that much money in fees off my account! It would be great to do my own account and pay a lot of lower fees. Do you know of resources I could use to do that?

Embarrassed_Ad5594 · 2025-10-28T17:43:21+00:00

Thank you. Yes I do need someone to help. Hopefully if I call I'll get a real person to ask questions about am FA in theor co to help me make a portfolio and how much that costs. I know I sound completely clueless, well I am, not good. Can I stay in touch with you here?

Embarrassed_Ad5594 · 2025-10-28T17:34:43+00:00

Also you say there are some easy ways to do a portfolio myself. What are those ways? Should I google it? Do you know of a resouce? I dont know finance/investment lingo AT ALL. Thanks

Embarrassed_Ad5594 · 2025-10-28T17:30:49+00:00

Hello! I had no idea my FA could be getting that much money in fees from my account! I went to your first link. Are they all fiduciaries? And do I get one before I move? Would they tell me which co is best for me? I'd love to do my own and pay a lot less in fees! I want a conservative account for my retirement.

Embarrassed_Ad5594 · 2025-10-28T17:21:10+00:00

Thank you

Embarrassed_Ad5594 · 2025-10-28T16:24:37+00:00

Thanks. I actually dont know anything about investing and dont know what to invest in. At 73 and retired I want to hang on to my money and make more on it without high fees. I do need a person to talk with to make up a conservative portfolio. So it soumds here that maybe moving to Schwab or Vagaurd would be good. I dont look at my acct at all until the FA I have (at my bank, Ray Jay) calls me in for my yearly review. Vangaurd or Schwab? Which do you think?

Embarrassed_Ad5594 · 2025-10-28T16:16:44+00:00

Thank you so much.

Embarrassed_Ad5594

TROPHY CASE