Ask Terry Questions Pimco Accounts

Pimco Accounts

By Terry Savage on December 12, 2018 | Investments

I am 66, retired and have a $25000 Pimco account that I inherited when my mom passed away 3 years ago. Are these a good choice? Made $100.00 a month for a whole year and now making nothing. Thank you.

Terry Says

There’s a lot you are not telling me — including exactly how the account is invested (what funds, stocks) and how it is titled?  Is it inside an inherited IRA (which means you should be taking required withdrawals) or is it simply a brokerage account?  Do you get monthly statements?  Please write back and give me some more information so I can point you in the right direction.

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