Should I Move My Pension Into a Fixed Index Account?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 3 November 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:08.0	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:13.8	Aaron is with us in Indianapolis.
0:16.0	Hi, Aaron.
0:16.5	How are you?
0:17.3	Good.
0:17.8	How are you, Dave?
0:18.6	Better than I deserve.
0:19.8	What's up?
0:20.5	Nothing much, Dave. So I want to be briefing to the point here. I'm a big fan of your podcast, and I listen in recently as I've been traveling a lot. And right now, I'm in a bit of a situation. My dad passed away earlier this year, and he left back pension money from, he was a union worker.
0:39.2	For my mom as a beneficiary, so I'm calling on behalf of my mom.
0:42.9	And she is trying to find out what to do with that money that was left behind.
0:48.4	How much is it?
0:49.1	We want to, it's $126,000.
0:51.8	Okay.
0:52.2	Go to ramsysolutions.com and click on SmartFester Pro.
0:57.2	Find someone in your area that has the heart of a teacher that we have vetted
1:01.8	and let them sit down with your mom and tell your mom what our choices are.
1:05.8	She needs to roll it into some good growth stock mutual funds into an IRA.
1:11.9	Yes. So we were presented with a fixed index annuity. Absolutely not. Horrible. No, no. Horrible.
1:21.0	Who presented that? Someone who worked with my mom to help or build their trust right after this
1:27.0	happened with my mom. So her build a trust right after this happened with my mom.
	...

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