Struggling to access your money? Here’s what you can do
- 86-year-old with $1 million in investments unable to access money
- Financial services firm has locked account and provided excuses
- Seek assistance from a financial adviser and elder care attorney
- File a complaint or initiate arbitration through FINRA or SEC
- Consider working with an attorney specializing in securities
- Find qualified advisers through NAPFA or CFP Board
- Use the Martindale-Hubbell Law Directory to find lawyers with securities fraud experience
An 86-year-old individual with $1 million in investments is facing difficulties in accessing their money. Despite having $250,000 in their account, their 401(k) is locked, and they only receive $398 from their annuity. The financial services firm has provided various excuses and deactivated their account. Seeking assistance, the individual can turn to a financial adviser and an elder care attorney to piece together the history and regain access to their money. Filing a complaint or initiating arbitration through FINRA or the SEC is recommended. Additionally, working with an attorney specializing in securities can help navigate the situation. Qualified advisers can be found through NAPFA or the CFP Board. The Martindale-Hubbell Law Directory is a useful resource for locating lawyers with securities fraud experience.
Factuality Level: 2
Factuality Justification: The article is rated low due to the lack of relevant information, the presence of personal anecdotes and opinions, and the absence of concrete facts or data to support the advice given.
Noise Level: 3
Noise Justification: The article provides relevant information and advice for the individual facing challenges accessing their funds. It offers practical steps and resources to seek help from financial advisers, elder care attorneys, and regulatory authorities. The content is focused and provides actionable insights for the reader.
Financial Relevance: Yes
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses a personal financial issue and provides advice on how to address it. There is no mention of any extreme events or their impact on financial markets or companies.
Key People: Cristina Guglielmetti (Certified Financial Planner at Future Perfect Planning), Josh St. Laurent (Certified Financial Planner and Financial Therapist at Wealth In Yourself), Pamela Horack (Certified Financial Planner at Pathfinder Planning), Amir Noor (Certified Financial Planner at United Financial Planning Group)
www.marketwatch.com 
