In some cases, unscrupulous brokers hold «free lunch» seminars in which they offer reckless advice, like recommending retirees cash out
of their 401 (k) planor take a lump - sum payment for the cash
value of their
pension and use the money to open an IRA
through them.
This post is not one where I go
through one
of my «pet issues» in accounting (e.g. fair
value accounting, goodwill accounting,
pension accounting, or employee stock option accounting).