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Personal Finance and Investing

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CountAllVotes

(21,874 posts)
Tue Jun 5, 2018, 01:59 PM Jun 2018

IRA is coming due [View all]

It's been hanging in CD's for the past 7 years @ 2.76%. I did not make a fortune but I did not lose anything either.

That said, I called up my credit union to inquire about what sorts of options I may have for my IRA.

Last night I get this call from a place far away in response to my inquiry.

This guy wanted me to give it all to him and he'd get 1% of the profits. I was leary of him and then it began ... those emails ! Those emails !! Hillary !! SAD !!! Sad !! And that lying Russia B.S., that was next.

I damn near hung-up on this freak but let him continue on with his spiel!

I didn't call to hear the words of a political hack!

Is this even legal at all?

He was promising 8-9%! Uh huh ...

I did remind him that the economy crashed in 2008/2009 and it could happen again soon and that the DOW was flat for the year = not big profits. I did not mention anything political to him. He wasn't worth my time.



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IRA is coming due [View all] CountAllVotes Jun 2018 OP
Well, anyone can pretty much call anyone else, so that part is legal. PoindexterOglethorpe Jun 2018 #1
He didn't seem to realize it is a IRA CountAllVotes Jun 2018 #3
Yes. If the CU is hiring someone that sketchy, PoindexterOglethorpe Jun 2018 #7
You can type in their name and company CountAllVotes Jun 2018 #8
I wound up calling them, PoindexterOglethorpe Jun 2018 #9
Lot more than your IRA are coming due empedocles Jun 2018 #2
Yes there is CountAllVotes Jun 2018 #4
Calls after you contacted your credit union? Caomplain to them question everything Jun 2018 #5
I am thinking of getting away from this credit union CountAllVotes Jun 2018 #6
I bet he wants 1% of assets under his management, not 1% of the profits progree Jun 2018 #10
My two cents; A HERETIC I AM Jun 2018 #11
Thank you CountAllVotes Jun 2018 #12
I would probably call his branch manager then. A HERETIC I AM Jun 2018 #13
Thanks again CountAllVotes Jun 2018 #14
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