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Author: ltangel Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 922  
Subject: annuity strategy Date: 1/20/2011 9:43 PM
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At 59 and half I will be able to take out money from my variable annuity.Quesion:since i have had it for 17 years and it just recently bounced back to where it was 17years ago plus 10,000-I am thinking of moving 20% into the annuity moneymarket fund from the index 500 fund just so it stays at least at principle and move 20% to a growth fund and pray that in 14 months when i can start withdrawing this step will serve me well- When i called today to find out when I could start withdrawing the rep suggested a FIXED anniuty for some of the monies that I plan to withdraw at that time - my thoughts - would do better in a couple of dividend stocks or even CD's -if I had just put it in the bank -rule of 72 I would have doubled it for that length of time!!
Any thoughts on this strategy? Many thanks!!!
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