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Author: Crosenfield Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76611  
Subject: Re: Need Advice for my mom Date: 4/23/2006 7:20 PM
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An annuity can be transferred to an annuity with a different company. Depending on how long she's had the Metlife annuity,i there may or may not be redemption fee. Vanguard or Fidelity would be good choices. Or she could switch the Metlife annuity to investing in a different fund. If she transfers the annuity to Vanguard or Fidelity, there should be no commissions nor capital gains taxes as long as the transfer is done directly. She can talk to Vanguard or Fidelity, send them a copy of her most recent statement from Metlife, fill out some paperwork which they will supply. She does not need to discuss what she is doing with the "financial advisor" at all. It is just like switching brokers or rolling over a 401k.
Best wishes, Chris
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