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URL:  http://boards.fool.com/you-do-have-the-option-of-doing-a-1035-transfer-to-13926121.aspx

Subject:  Re: Stuck with annuity Date:  12/18/2000  1:03 PM
Author:  jtmitch Number:  26678 of 74759

You do have the option of doing a 1035 transfer to a better variable annuity. You would still have to pay the surrender charge applicable at the time you transfer it, but you would not have to pay any tax penalty. (Under a 1035, the money in the annuity goes directly from one insurance company to another.) The two highest quality, lowest cost annuitiy providers that I am aware of are Vanguard and TIAA-CREF.

jtmitch
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