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Subject:  Re: annuity investing Date:  8/20/2000  8:08 AM
Author:  RetireInfo Number:  24215 of 88807

Annuity Investing
If the company is taking care of you then their is no reason to roll your money somewhere else (but they don't need to know that). You said your annuity was about to expire? Be sure your insurance agent is telling you all the information. Most annuities have surrender charges for 7-9 years. A penalty you will, for withdrawing your money early. This usually isn't an issue if you are 52 years or younger because if you withdraw your money before age 59 1/2 you have an additional 10% penalty. When they tell you expire it may mean that your surrender charges are up. A few things happen with this. You can roll your money with any company you want without having to pay a fee or you can roll into a newer annuity with perhaps more investment options and bonuses like you mentioned. The downside (in some cases) you incur new surrender charges. You start your 7 years all over again. May b
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