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Subject:  Variable Annuities Date:  12/21/1999  7:28 PM
Author:  flocky Number:  16732 of 88775

Have I been a fool and not a Fool? When I started teaching in a public school system six years ago, I began participating in one of the TSAs that the district worked with. The company (VALIC) is large and reputable enough and it seemed like a great deal (payroll deductions to make investing automatic, tax-deferment on income and gains, etc.!). Most of my colleagues participate in similar investments in addition to their state pension program (not voluntary) and other investments. I have been contributing $75 per pay period for the past five years and was considering increasing my contribution when I came across your website analysis of TSAs. Should I stop now? If so, should I take an early withdrawal penalty, liquidate, and put the money into liquid investments? Or is there a way to transfer the
money to a more "Foolish" vehicle and avoid penalties? Your response would be appreciated.

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