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Subject:  Re: Hartford Annuities Date:  1/16/2004  8:11 AM
Author:  buzman Number:  38565 of 88772

Still plan to be gainfully employed till 55 or so with about $125,000 annually.

>>>>>Annuties are subject to a 10% penalty if they are not held to age 59 1/2. Plus you lose any LTCG with them. Plus they have high annual fees. Finally there is not stepup in basis at death.

The fixed is paying 4.6%, and invests almost all in American Funds which I have had forever and perform very well.

>>>>>> I did not look at the prospectus but fixed annuities generally are not invested in mutual funds, variable are, however.

>>>>>>I would be very cautious about investing in annuities. Given the amount of money you are spending I would certainly get a second opinion. Preferably from someone who is not selling annuities.


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