https://www.retirementplanningscottsdale.com/2019/03/08/anil-vazirani-shows-how-to-avoid-a-50-penalty-by-fixing-an-ira-mistake/Anil Vazirani shows how to avoid a 50% penalty by fixing an IRA mistake Retirees who forgot to take the required minimum distributions from their traditional IRA last year will owe the IRS a tax penalty equivalent to 50% of the RMD amount on top of income taxes, according to an article on CNBC. Retirees…
Fiduciary Anil Vazirani proved right once again when he stated years ago that Private Equity should not own Insurance Companies
https://www.retirementplanningscottsdale.com/2019/03/05/fiduciary-anil-vazirani-proved-right-once-again-when-he-stated-years-ago-that-private-equity-should-not-own-insurance-companies/ Fiduciary Anil Vazirani proved right once again when he stated years ago that Private Equity should not own Insurance Companies. A Wall Street Journal article published on February 28, 2019, stated that soon after Greg Lindberg moved into the insurance business, the North Carolina entrepreneur went on a spending spree. Much of the cash…
Anil Vazirani shares a Merrill Edge client lawsuit, including BofA that targets cross-sellling strategies
https://www.retirementplanningscottsdale.com/2019/03/05/anil-vazirani-shares-a-merrill-edge-client-lawsuit-including-bofa-that-targets-cross-sellling-strategies/ Anil Vazirani shares a Merrill Edge client lawsuit, to include BofA, that targets cross-sellling strategies According to an article in On Wall Street on Feb 27, 2019, Peter Bakalis, a Merrill Edge client alleges he was promised a lower mortgage rate if he deposited at least $500,000 into a Merrill Edge account. he said…
Anil Vazirani states Fidelity Investments is under investigation by the Department of Labor
https://www.retirementplanningscottsdale.com/2019/03/01/anil-vazirani-states-fidelity-under-investigation-dept-labor/ Anil Vazirani Anil Vazirani states Fidelity Investments is under investigation by the Department of Labor, that according to an article in the Wall Street Journal, Fidelity Investments is under investigation by the Department of Labor with regard to a fee it imposes on some mutual funds. This “infrastructure fee”, or annual charge, is aimed…
Anil Vazirani reports Fidelity being sued over Mutual Fund “Kickbacks” in 401(k) Plans
https://www.retirementplanningscottsdale.com/2019/02/28/anil-vazirani-reports-fidelity-being-sued-over-mutual-fund-kickbacks-in-401k-plans/ Anil Vazirani reports Fidelity being sued over Mutual Fund “Kickbacks” in 401(k) Plans as reported in an article in Financial Advisor on Feb 27, 2019, written by Christopher Robbins which states that Boston-based Fidelity Investments is being sued by a 401(k) plan participant over undisclosed fees it collects from mutual funds. The suit, Wong…
Anil Vazirani reports SEC looking into bond trades by insurance companies tied to Guggenheim Partners
https://www.retirementplanningscottsdale.com/2019/02/27/anil-vazirani-reports-sec-looking-into-bond-trades-by-insurance-companies-tied-to-guggenheim-partners/ Anil Vazirani reports SEC looking into bond trades by insurance companies tied to Guggenheim Partners. U.S. securities regulators are reviewing a series of bond trades by three insurance companies tied to Guggenheim Partners LLC, according to people familiar with the matter. The securities and exchange commission has sought information on trades recommended by Strategy…
Fiduciary Anil Vazirani supports & promotes Annuity consumer protection bill
https://www.retirementplanningscottsdale.com/2019/02/07/fiduciary-anil-vazirani-supports-promotes-annuity-consumer-protection-bill/ Fiduciary Anil Vazirani supports & promotes Annuity consumer protection bill SB 1534 that was Introduced by Senators Brophy McGee: Boyer, Bradley, Gowan, Gray, Leach, Navarrete, Otondo, Quezada; Representatives Bolding, Cano, Chávez, Hernandez A, Jermaine, Meza, Terán, Thorpe SB 1534 is an ACT AMENDING SECTION 20-1242.02, ARIZONA REVISED STATUTES; AMENDING TITLE 20, CHAPTER 6, ARTICLE…
Anil Vazirani Questions High Indexed Annuity Return Projections
https://www.retirementplanningscottsdale.com/2019/02/05/anil-vazirani-questions-high-indexed-annuity-return-projections/ Anil Vazirani Questions High Indexed Annuity Return Projections that Aren’t Filed as Securities. If an issuer wants to show consumers that an annuity can earn 10% annually, with no risk, the issuer should file that annuity as a security, and an advisor who tells a consumer about the annuity should have a security license….
Anil Vazirani reports 12 Tax breaks were removed this year
Anil Vazirani reports that some filers may receive a tax break, but some taxpayers may see their refunds reduced due to new deduction rules. The good news is the standard deduction has increased, but personal exemptions have decreased for dependent children claimed. State and local tax deductions have been capped and are no longer unlimited,…
Woodbridge Group to pay 1 Billion for Ponzi scheme & Anil Vazirani proved right once again
Anil Vazirani the first to report conern over financial abuses regarding a new form of proprietary fixed index annuity (FIA) being sold nationwide that swindled thousands of mostly elderly investors. A federal judge ordered Woodbridge Group to pay 1 Billion for Ponzi scheme. Please review the documents below. Our office was the first to flag…