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Blisk financial group review
Blisk financial group review










blisk financial group review

The date of my call was A few days later around October 12, 13th. (How does a company not know where your money is if they are holding it for you?) During this call is when I learned that my payment was completed on October 8, 2021. From there I was told my problem would be sent to a specialist and that I should expect a call the following day. From the beginning of this last step of the process, I felt uncomfortable and not reassured, as the representative told me that she didn't know where my money was but that it had been paid out. I needed to know that my money was on its way and that I would be paid. I remained diligent by calling periodically over the course of the first week, so every other couple of days. I was told that I should receive payment within the first of the following month so I waited. I thought this process was moving along smoothly so i remained patient. After finally receiving my paperwork, filling it out and returning, I received a confirmation a couple days later via email. They also said that there was no way for completing this process or step online. It took them weeks to mail me my forms and paperwork and there always seemed to be some excuse for why I may not have received it already. Like many others before me on this site, after receiving my request to cash out, Principal financial told me that they were waiting for some sort of information from my old employer. From the start, the process was more work than it should have been. I began the cash out process in the second and third weeks of September 2021. After working for almost 25 years for Raleys contributing to my pension plan then waiting many years after that, I decided to cash out one of my pension plans, In order to make ends meet and stay above water.

blisk financial group review

I am a former employee of Raley's Super Store. Or the estate money used to send them numerous faxes, forms (there is a cost for death certificates and Admin forms) Will Prinicpal pay the penalty? Or my time. Pennsylvania wants an asset inventory by or the estate is penalized another 5% of the estate worth. As of 3/10/22, they acknowledge receipt of documents and are "still reviewing the paperwork" AND are unable to discuss with me since they still haven't determined e on. Another fax AND email was sent 2/24/22 costing the estate $41.00 to fax. A call made 2/17/22 (nothing received) Their envelop came back on 2/24/22 as UNDELIVERABLE. A letter dated 1/25/22 was received from them with a self addressed, stamp envelope and form requiring executorship and estate confirmation mailed back 2/3/22.

blisk financial group review

They took a verbal confirmation of his death and stopped all payout and the undeposited check. I called Principal after finding information in his paperwork on 1/24/22. This is bad business to have the client pay for The Principal's error. My gut tells me this is pretty shady on The Principal's part and I would like to come to an agreeable amount to return based on the general performance of the market which would be the right thing to do on Principal's part. My Ameriprise advisor who has been in the industry for many years has never heard of anything like this. I also wonder how many other clients have experienced this highly unusual error and practice of paying for The Principal's error. How is that a fair practice?Ī recent statement shows that the remaining balance is now around $10,000.00Īnd I am preparing to roll that over to the IRA, however, I am concerned that it is a correct amount.

#Blisk financial group review full

I have no issue returning an amount payed in error, however, with the way the entire market has gone, downward, the $14,341.29 is no longer worth that much and if I return that full amount, I am overpaying and and taking a loss to pay for Principal's error to make them whole. In May 2022, almost a year later, I received a letter from Principal stating that Principal made an error in how they reported the vesting of the account and advised that the check received in July 2021 was $14,341.29 more than what should have been sent and to have our advisor at Ameriprise Financial send those funds back. The remaining amount was around $12,000 which would be available to rollover in 18 mos as a followup due to Principals in house rules. The amount of the check received was $57,428.53, which represented a portion of the total amount held at The Principal. I did the rollover to an Ameriprise Financial IRA and the check was received by my Advisor and deposited. I was advised that I needed to roll the funds from the ESOP program that Principle managed into a qualifying IRA.

blisk financial group review

In July 2021, I was required to do a rollover as the company Enercon Services was sold.












Blisk financial group review