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Author: cdr46 Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Re: magellan vs index Date: 8/29/2001 4:51 PM
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. "NOt knowing any better, ugh, here it comes, we took our bankers suggestion and moved our IRA into an annuity. Being ignorant and quite intimidated by handling our very precious retirement $'s this sounded like a good idea since returns would be better than where it was. (you know that first year promise of % sounds really good if you don't know any better) If you or any one else has any info or suggestions I can research, your help would be greatly appreciated."

You don't say how long ago this was. You may have options available to you, but you will have to be assertive and complain.

For further information see my posts at:

http://boards.fool.com/Message.asp?mid=15589796
Annuity sold as IRA
Just substitute "Banker" for "Insurance Company"

http://boards.fool.com/Message.asp?mid=15627207
Annuities

For more on variable annuities go to:
http://www.insure.com/life/index.html
http://www.sec.gov/investor/learn/investop.htm
http://www.sec.gov/investor/learn/investop.htm#variable
http://www.sec.gov/investor/pubs/varannty.htm
http://www.variableannuityonline.com/hr1.cfm
http://personal.vanguard.com/pfs/AMTservices.html
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