- Report: #817396
Report - Rebuttal - Arbitrate
Complaint Review: BestIraRescue.com
BestIraRescue.com71 Commercial Street #150 Boston, Massachusetts United States of America
BestIraRescue.com Estate Street Partners, LLC Offices in Boston, MA / Las Vegas, NV / Costa Mesa, CA === IMPORTANT!! Boston , Massachusetts
*Author of original report: Contact Information
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As a result of your contact with bestirarescue.com, were you sold a "Roth IRA on Roids" account and did not know that what you actually purchased is a Universal or Equity-Indexed Universal Life Insurance policy from anyone representing Estate Street Partners, LLC, with home office in Boston, MA, and satellite offices in Las Vegas, NV and Costa Mesa, CA believing you were getting a ROTH IRA that would provide you with income tax-free income in the future??
Were you promised or led to believe your "Roth IRA on Roids" account would earn an 8%-15% rate of return? Have you cancelled or surrendered any insurance policy, "converted" an existing IRA or Roth IRA, 401(k), 403(b), or 457 plan, or taken cash from any other source (CDs, annuities, stocks, bonds, or mutual funds) to fund a "Roth Ira on Roids"??
If you have done business with Estate Street Partners, LLC and don't yet realize that they did not set you up with an IRA or retirement plan of any kind, but instead sold you a high cost life insurance policy that is more likely to leave you penniless and uninsured when you need those resources the most, you are not alone!!
A team of insurance fraud investigators is now working nationwide to develop a case against Estate Street Partners, LLC for Internet fraud, insurance fraud, and various violations of state and federal insurance and/or securities or other consumer protection laws concerning unfair and deceptive business practices. [continued below]....
Don't be ashamed to admit you followed the "advice" of Rocco Beatrice and one or more of his national network of fraudsters. We may be able to help you recover your money and put this scam out of business. Don't hesitate to contact us immediately!!
In its website advertising, Estate Street Partners LLC casually mentions that
"you should strongly consider the third tax-free bucket, wealth building tool Roth on Roids.We want you to know that almost all of this dialogue is misleading, most of it is inaccurate, and it is intended to take advantage of the average person's lack of knowledge of taxation in America. The Roth IRA on Roids is nothing other than a life insurance policy that does not work the way you have been led to believe. You are paying large amounts of money for life insurance premiums, and Rocco Beatrice and his associates are raking in huge commissions from life insurance companies. Rocco Beatrice is not even licensed as an insurance producer.
Assets are moving at an exponential rate from traditional retirement plans to the Roth on Roids due to their flexibility and safety.
Roth IRA on Roids has all the similarities of a Roth IRA without the restrictions. Contributions are after tax, tax-free growth, tax-free distribution, and can be passed on tax-free of inheritance taxes.
NOTEWORTHY difference between a Roth IRA and Roth on Roids: Death benefit. (You cannot buy life insurance within a Traditional IRA and a ROTH IRA).
Life insurance is not a wealth building tool, it is not a retirement plan, it does not accumulate money tax-free, it does not guarantee to provide tax-free withdrawals at any age, but it does pass its death benefit on to your beneficiary free of income tax and without becoming entangled in probate following your death.
If you "purchased" and are "funding" a Roth IRA on Roids plan, we need to hear from you ASAP! You have been ripped off and deserve to be made whole!!
Contact us at (((REDACTED)))@verizon.net or (909) xxx-xxxx for more information.
CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
This report was posted on Ripoff Report on 01/03/2012 02:21 PM and is a permanent record located here: http://www.ripoffreport.com/r/BestIraRescuecom/Boston-Massachusetts-02109/BestIraRescuecom-Estate-Street-Partners-LLC-Offices-in-Boston-MA-Las-Vegas-NV-Cos-817396. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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