The 56-0898180 matches the Federal Employer ID number of the sponsor of the Wachovia Savings Plan Puerto Rico but I can't promise this is the correct plan. But give the Administrator, Hope Hardison, a call at (704)
1) tax deferred interest/investment returns
2) when you withdraw money from a life insurance policy you use FIFO first in, first out so your basis comes out before any of the deferred earnings and a 1099 is generated.
Social Security pays a death benefit of about $255 when a SS recipient dies. Is your aversion to talking with a Social Security representative greater than the benefit of $255? if so, don't worry about it.
BrightScope is filling a void in the marketplace that unfortunately has existed for a very long time. They are bringing transparency and standardization to the financial advice arena that will benefit both investors and advisors.
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice.
BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.