Subject: File Number S7-07-18: Stop financial advisers from sapping Americans' retirement savings
From: Linda Todd

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I worked for DoD for 13 years making contributions to a TSP account. I
had to retire early due to an illness. They took 10% of my savings when
I moved it to Lincoln Financial investment account. LF charged me 5K
just to start the account. Then they kept charging fees.
I forgot to mention I paid 10% in taxes voluntarily to prevent paying
more when I needed to use it. I got tired of paying fees so I withdrew
the full amount. Unfortunately I had just moved to Oklahoma where they
charged me State and Federal taxes.
My 60K quickly turned to zero.
Now I am back working and trying to recoup savings at age 66. Don't do
annuities. They will cost you big time.


Ms. Linda Todd