Last September I decided to join the Fool to gain some insight in the financial world. At the time I was requesting information for my parents regarding an amex financial planner who had convinced them to put all the retirement accounts within an annuity. Expenses were easily over 2%. The responses all of you gave was overwhelming and put me in a state of enlightenment. Serious thank you's to all below...JAFO31TheBadgerMark0YoungFuskieFoolBuildMWellpaulecklerPosFCFTTRobertsbabyfrogyobriaI have a favor to ask all of you. I've kept all of your posts regarding the parents burned saga posted last September. I also have all the transcripts with the Amex guy, tons of articles, two class action lawsuits documentation, a few articles from WSJ, articles posted on the Fool about annuities as well as multiple other sites and books on annuities, and all of your responses. I've tried to work it out with Amex but they just sent me a letter stating that my complaints were settled by a class action lawsuit a couple of years ago and the cutoff date was 3/1/00. No one told my folks about this, certainly not the amex guy. My parents account was opened in February of 2000 so they're saying tough.I would like your permission to use your responses in the package I will be sending the NAIC, SEC, NASD, New York Times, WSJ, Washington Post, as well as numerous other newspapers and magazines. I've done a ton of homework on this and think the time is right with all the scandals and all.I'm also asking for any additional words of wisdom you might have. This may take a year or longer to resolve (or even put all this stuff together for that matter) and most likely won't lead to my desired outcome (move their funds to Vanguard without any surrender fees) but my hope is if I spread the word enough perhaps someone will listen.TIA...
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