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fiduciaryfactor.com My goal is to educate investors of the pitfalls of investing in separate accounts offered by insurance companies.

A whistleblower is anyone who possesses insider knowledge of illegal, unsafe, or fraudulent activities occurring within ...
23/04/2024

A whistleblower is anyone who possesses insider knowledge of illegal, unsafe, or fraudulent activities occurring within an organization. These activities can take place in both private companies and public institutions. Whistleblowers play a critical role in exposing hidden truths and holding wrongdoers accountable. Protection and Importance Whistleblowers are protected from retaliation under various laws and programs. Here are some key points:...

What Is a Whistleblower? Anyone who possesses insider knowledge of illegal or fraudulent activities occurring within an organization

Is your 401k under a withdrawal restriction right now? This website was born over a decade ago under a necessity to warn...
11/02/2024

Is your 401k under a withdrawal restriction right now? This website was born over a decade ago under a necessity to warn other 401k investors of the scandals perpetrated by the Principal Group of Companies. Millions of investors lost 50% or more of their 401k savings when Principal initiated a withdrawal restriction on September 26, 2008. With little or no warning, this writer and others learned their entire 401k savings account had be declared off limits by Principal....

Is your 401k under a withdrawal restriction right now? This website was born over a decade ago to warn other 401k investors.

In a previous post, I discussed an Iowa District Court Judge's decision to gift Mark Hanrahan, a former Principal Real E...
24/11/2023

In a previous post, I discussed an Iowa District Court Judge's decision to gift Mark Hanrahan, a former Principal Real Estate Director, with a Deferred Judgment sentence in the 2015 kidnapping of an Hyspanic male at gun point. Despite the violent nature of Hanrahan's crime, Judge Jarrell decided the bench case in Hanrahan's favor, while totally disregarding the language of the law. ...

The missing puzzle piece and your 401k...Judge Jarrell decided the case in Hanrahan's favor, while disregarding the language of the law.

Ok, let's clear up some facts... Iowa criminal law clearly states kidnapping in Iowa IS a felony. So you will pay for ...
23/11/2023

Ok, let's clear up some facts... Iowa criminal law clearly states kidnapping in Iowa IS a felony. So you will pay for this crime with a hefty prison sentence. Because of the Judicial system in Iowa, you may receive favorable treatment if you meet a certain profile. I previously published a post called "What happens when a judge lies…...

Kidnapping in Iowa, not a felony? deferred judgment sentence. Iowa criminal law clearly states kidnapping IS a felony.

Once again, we are on a rollercoaster of new "fiduciary rules" propagated by the Department of Labor. If we didn't know...
04/11/2023

Once again, we are on a rollercoaster of new "fiduciary rules" propagated by the Department of Labor. If we didn't know better, we could conclude from all this fiduciary bu****it that the DOL actually cared about your future. Make no mistake, nothing could be further from the truth! Nobody in government, state or federal, is concerned about your future security......

Why your 401k is a fiduciary risk. Our politicians biggest worry is that you may quit your 401k savings plans entirely.

For the past twelve years I have been publishing "fiduciaryfactor.com" to address known issues that threaten to destroy ...
27/10/2023

For the past twelve years I have been publishing "fiduciaryfactor.com" to address known issues that threaten to destroy your 401k savings plan. My focus has been the Principal Group of Companies, and more specifically, a proprietary fund the Principal offered to savers known as the Principal U.S. Property Separate Account (PUSPSA). Principal offered dozens of Group Variable Annuities to their 401k investors, and the PUSPSA was perhaps the most favored group annuity offered for the simple reason that Principal promoted it as their most secure fixed income account investment....

https://fiduciaryfactor.com/scales-of-justice-are-judges-immune/

Scales of Justice... Are Judges Immune?

Are you rolling the dice with your Fidelity account? Recently, I published a post about a data breach on my Fidelity inv...
30/07/2023

Are you rolling the dice with your Fidelity account? Recently, I published a post about a data breach on my Fidelity investment account. For me, the data breach experience was pure Hell. The following is a timeline of the events leading up to, and following the breach: July 11, 2024... The hacker, unknown at the time, somehow used personal information to access our joint investment account....

Actively involve yourself in finding out the how, what, when, and why a hack happened. Rolling the dice with your Fidelity account...

For the past decade or longer, the focus of this website has been to expose the corrupt dealings specifically dealing wi...
25/07/2023

For the past decade or longer, the focus of this website has been to expose the corrupt dealings specifically dealing with the Principal Group of Companies. That focus has not changed.... Principal is one of the largest 401k providers within our borders, and given the magnitude of Principal's crimes, I see no incentive for Principal to correct their bad habits. If you are invested with Principal, your life savings have and will suffer the consequences for Principal's crimes....

Corporate executives tend to hide behind their Board of Directors. Investors can hope that Fidelity makes the commitment and fix this issue.

Greenwashing your pension plan, then selling out employee pension plans to insurance companies, is fast becoming big bus...
28/04/2023

Greenwashing your pension plan, then selling out employee pension plans to insurance companies, is fast becoming big business.

Greenwashing your pension plan... falling victim to the criminal activities of investment firms today that sell ESG investment products.

It is a well known fact that doing business with Chinese Banks has it's issues. Last year one of the world's largest ban...
03/03/2023

It is a well known fact that doing business with Chinese Banks has it's issues. Last year one of the world's largest banks, HSBC, agreed to the Chinese Communist Party requirement that creating an internal Communist Party committee could be the cost of doing business in China. Despite China's harsh requirements for foreign banks, Principal has been bedfellows with China for decades....

Corruption in China... a bust for your 401k? Losing billions of your dollars is not on Principal's radar, but this could change overnight...

Investing often involves taking risks... risk a loss to make a profit. An axiom of a successful investor is that you can...
21/02/2023

Investing often involves taking risks... risk a loss to make a profit. An axiom of a successful investor is that you can make money and transfer the risk. This would be considered a pure form of profiting without risk. When you opened your 401k savings plan, you understood the risks. Risk vs. reward in your 401k factors in the standard of investment quality as well....

Principal's fees in 401k savings recordkeeping prove they are corrupt and will steal your money. Risk vs. Reward in your 401k...

Lets look at the facts... Principal has enjoyed a cozy relationship with "less than stellar" foreign governments for yea...
21/02/2023

Lets look at the facts... Principal has enjoyed a cozy relationship with "less than stellar" foreign governments for years. So hanging out with the Chinese should come as no surprise. Now Principal welcomes China as a partner in crime, but I have never figured out why the close relationship the Principal Group of Companies has with the Chinese government actually exists....

Principal has enjoyed a cozy relationship with "less than stellar" foreign governments for years. Principal welcomes China as Partner.

Principal has over-extended it's welcome in China... and the latest events will close the door on Chinese relationships ...
12/02/2023

Principal has over-extended it's welcome in China... and the latest events will close the door on Chinese relationships with American companies that they no longer need to defeat the United States in the long term.

Principal and China... a failing diplomacy will close the door on Chinese relations with companies that they no longer need to defeat the US.

Principal and Wells Fargo represent a small sampling of the corruption destroying our financial system today!
16/01/2023

Principal and Wells Fargo represent a small sampling of the corruption destroying our financial system today!

401k Savings Slashed in 2022! Principal and Wells Fargo represent a small sampling of the corruption destroying our financial system today!

To begin, you are NOT investing in your future... you money, for the most part, is an insurance policy premium you pay e...
09/01/2023

To begin, you are NOT investing in your future... you money, for the most part, is an insurance policy premium you pay each month to own a variable annuity

You have decided your 401K is in a perilous state of being. You have already lost substantial dollars in the value of your variable annuity.

Think about what you actually own when your employer deducts 10% of your paycheck this week and sends it to Principal......
07/12/2022

Think about what you actually own when your employer deducts 10% of your paycheck this week and sends it to Principal... he may come to the realization he is treading on thin ice and reconsider his choices before your account becomes frozen and nothing can be done to reverse his fiduciary related decisions!...

Think about what you own when your employer deducts 10% of your paycheck this week and sends it to Principal. The $80 Trillion Hidden Debt

Referred to as proprietary funds, Principal owns all plan assets found within the structure of ESG 401k investing in the...
03/12/2022

Referred to as proprietary funds, Principal owns all plan assets found within the structure of ESG 401k investing in their "pooled separate accounts," aka PSA, they can buy and sell any investment on behalf of the PSA, and immune to any regulation.

Principal has been a valuable resource for the DOL, providing resources that were lacking within the Agency. ESG 401k Investing.

Will your 401k plan be frozen during the next financial lockdown?
02/12/2022

Will your 401k plan be frozen during the next financial lockdown?

What If This happens to YOU? What if you wake up tomorrow and YOUR 401k Plan has been frozen. What impact will that have on your retirement?

Realize it or not, your money is invested in the world securities market on a daily basis. When your 401k is funded by a...
26/12/2021

Realize it or not, your money is invested in the world securities market on a daily basis. When your 401k is funded by an insurance company, the risks are much higher. Financial firms like Wells Fargo and the Principal Group of Companies have their sales forces distributed worldwide, including locations you may never want your 401k to play a role....

https://fiduciaryfactor.com/the-world-securities-market-is-your-401k-at-risk/

Realize it or not, your money is invested in the world securities market on a daily basis. When your 401k is funded by an insurance company, the risks are much higher. Financial firms like Wells Fargo and the Principal Group of Companies have their sales forces distributed worldwide, including locat...

Did Principal rip off their own employees? Apparently at least one employee thinks they did... David Hastings is followi...
09/07/2021

Did Principal rip off their own employees? Apparently at least one employee thinks they did... David Hastings is following the same path another concerned employee followed a few years back. That employee netted $11 million for himself and his coworkers. Meanwhile, Hastings is bringing this class action "on behalf of the Plans for losses to the Plans and for disgorgement of unlawful fees, expenses, and profits taken by Defendants for the benefit of Principal and themselves."...

https://fiduciaryfactor.com/did-principal-rip-off-their-own-employees-again/

Did Principal rip off their own employees again?? . Hastings is following the same path another concerned employee followed a few years back.

If we think times are tough here in the US, consider the following. Brazilian's saving with Principal were locked out......
28/04/2021

If we think times are tough here in the US, consider the following. Brazilian's saving with Principal were locked out... literally. All the accounts were frozen, with no money going in and promises broken As one Brazilian stated, they were stripped of their entire savings in one fell swoop. My readership has exploded in scope since the takeover of the Wells Fargo book of business a couple years ago....

https://fiduciaryfactor.com/brazilians-saving-with-principal/

Brazilian's saving with Principal...All the accounts were frozen, with no money going in and promises in contracts broken by Principal

As a Blogger that has followed, and continues to follow, for years the trail of tears Principal Financial Services has l...
21/04/2021

As a Blogger that has followed, and continues to follow, for years the trail of tears Principal Financial Services has left as they plundered and ravaged the 401k retirement savings of millions of investors, the same age old question always pre-occupied my thoughts....What happens when a judge lies? I wonder what lies will be told this time for Principal to escape Lady Justice's fair and just scales of justice when Chief Judge John A....

https://fiduciaryfactor.com/what-happens-when-a-judge-lies/

What happens when a judge lies? Judicial “subversion” or lying... is far more common than is openly acknowledged. no-one can judge a judge.

Principal & Credit Suisse.... Most of us have heard the phrase... a canary in a coal mine. The phrase is derived from th...
13/04/2021

Principal & Credit Suisse.... Most of us have heard the phrase... a canary in a coal mine. The phrase is derived from the fact that coal miners would bring a canary to work... if the canary died during the work shift, the miners would evacuate the mine, since the bad air in the mine most likely killed the canary. In an SEC filing Tuesday, April 6th, Zurich-based Credit Suisse Group SA said it wrote down $4.7 billion in bad loans, and chief risk and compliance officer Lara Warner was “stepping down” from her role on the executive board effective that day and leaving the bank....

https://fiduciaryfactor.com/principal-credit-suisse/

Principal & Credit Suisse... two canaries in a coal mine, It looks like Zimpleman is reliving his past on the Board with Credit Suisse.

As 401(k) investors, you have a multitude of investment options. Carefully disguised hedge funds are often offered as i...
08/03/2021

As 401(k) investors, you have a multitude of investment options. Carefully disguised hedge funds are often offered as insurance company separate accounts in a 401(k) plan, although you may not realize it. Your next question is probably, "what is a hedge fund?" The words are bantered around with industry professionals, but most advisors fail to discuss hedge funds with their clients. ...

https://fiduciaryfactor.com/hedge-funds-and-your-401k/

Hedge Funds and your 401(k) portfolio... The guy that dreamed up the 401(k) program believes plan p[roviders offer a too many investments.

Recently, the Principal Life Insurance Company hit another snag in their "Fiduciary" status. Another class action lawsui...
01/03/2021

Recently, the Principal Life Insurance Company hit another snag in their "Fiduciary" status. Another class action lawsuit was filed by Principal employees, this time entitled David Hastings V. Principal Life Insurance Company, etal. Once again, the litigation was based on excessive fees and poor performance. And like a few years earlier, involving Anderson v Principal Life Insurance Company, I suspect this pending litigation will disappear in record time to avoid the publicity it deserves....

https://fiduciaryfactor.com/self-dealing-follow-the-money/

Self Dealing... follow the money. Your 401k plan exists in your mind only, and is free to be pillaged by companies like Principal.

Anderson v. Principal Life... Principal Financial Services employees knew their employer had been ripping them off for a...
28/02/2021

Anderson v. Principal Life... Principal Financial Services employees knew their employer had been ripping them off for almost a decade, so they took action. A lawsuit was filed in the United States District Court for the Southern District of Iowa against their employer Civil Action No. 4:15-cv-00119-JAJ-HCA. This class-action lawsuit, filed on 04/17/2015, accused the insurance company of overcharging employees for retirement investments in its own funds....

https://fiduciaryfactor.com/anderson-v-principal-life/

Anderson v. Principal Life Insurance Company... $11 million settlement... Principal employees knew their employer had been ripping them off!

Recently, I read a news article about certain special interest groups that want to "criminalize" fake news. No, NOT the ...
22/02/2021

Recently, I read a news article about certain special interest groups that want to "criminalize" fake news. No, NOT the fake news we have been reading and listening to for the past four years... this "fake news" is much more sinister! Their plan involves making it a crime to "oppose" the "authorities" in high power today. The new Covid-19 vaccine has stirred certain individuals to report negative "issues" with the drug, causing people to not want to take the shots....

https://fiduciaryfactor.com/the-dols-fiduciary-rule/

The DOL's Fiduciary Rule... a real Bloodbath for your 401k... this ruling is why you do not want to save $$ through the purchase of annuities

Annuities and your 401k What is an Annuity? For the past decade, I have been reporting the corruption found with insuran...
17/02/2021

Annuities and your 401k What is an Annuity? For the past decade, I have been reporting the corruption found with insurance companies and annuities, focused on the risks of 401k Group Variable Annuities. With that said, there are a wide variety of annuity products, and I found the following article that defines most annuity features. I realize the original publisher of the following article is selling a product, a subscription to "...

https://fiduciaryfactor.com/annuities-and-your-401k/

Annuities and your 401k... For a decade, I have been bashing insurance companies, preaching the risks of 401k Group Variable Annuities.

Self Dealing your 401k … recently I decided to complete a tally of the subsidiaries owned by Principal... below is a par...
16/02/2021

Self Dealing your 401k … recently I decided to complete a tally of the subsidiaries owned by Principal... below is a partial list... they also own another 14 "boutique" financial firms, including a company called Finisterre somewhere in France. These are companies that Principal is doing business with to promote their self interest, and self deal your investments, while making it more difficult for the regulators to track their corrupt practices....

https://fiduciaryfactor.com/self-dealing-your-401k/

Self Dealing your 401k...Principal-owned companies. These are companies that Principal is doing business with to promote their self interest.

Safe Harbor and your 401k Plan. Principal functions under a plan of "mushroom management." After saving for 20 years, yo...
15/02/2021

Safe Harbor and your 401k Plan. Principal functions under a plan of "mushroom management." After saving for 20 years, you will discover Principal has kept you in the dark and fed you bu****it the entire time.

https://fiduciaryfactor.com/safe-harbor/

Safe Harbor and your 401k Plan... group variable annuities. No guarantees and fail to earn significant financial gains for the 401k investor.

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