Tim O'Connor's Blog

Beware of Ponzi Schemes and Theft of Monies from Individual Retirement Annuities, IRA Accounts and Variable Annuities

In the past year we have seen theft and embezzlement schemes whereby monies in IRA retirement accounts have been stolen by financial advisers with the diversion of monies from legitimate financial institutions.  These accounts have been wrongfully transferred from accounts with The Hartford, Nationwide, MetLife, and SunLife America/Sun Life Financial.  In each of these instances, […]

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Retirement Fixed Annuity or Rollover?

Many private employers in Upstate New York (National Grid, Finch Pruyn Paper, Kraft, Alcoa, to name a few) offer retirees two main retirement benefits options – a fixed annuity or a lump sum rollover.  Fixed annuities are usually guaranteed payments for life, which can also be structured for payouts to surviving spouses.  A rollover on […]

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