Unfortunately, before I discoverd Fooldom, I went to a financial advisor (I know) and started a retirement annuity account, along with other products I have long since canceled. Now, I do not have much invested in this account, only several thousand dollars, and it has returned about 11-12% "tax deferred"every year since its inception in1995. I stopped my small monthly contributions a few years ago but am wondering what to do now. Would it be more Foolish to "cash-in" the account and pay the penalty of withdrawal of about $300 plus the capital gains tax and invest it on my own for the longterm? Just leave it alone? Or, restart monthly contributions? I already started a Roth IRA and am maxed-out on my 401K. And, I just started with an online broker to begin investing in some "obviously great companies" ; starting with a DRIP and going from there. Any help would be appreciated.
Thanks.