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Subject:  Single Premium Annuity Date:  3/15/2000  7:43 PM
Author:  StoneyCreek Number:  20120 of 88063

I purchased single premium annuities for my wife and myself over ten years ago. They are dogs earning only 4%-5% a year. Can someone tell me if I can cancel the annuities and purchase Roth IRA's without paying any penalties or taxes?
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