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Have been giving $300.00 a month since 1984 to Great American Insurance Co. for an annuity. I was wondering if stopping the donation to Great American, and sending the same $300 to a no-load Mutual fund, might be a good idea?....House will be paid off in OCT 2001, No car payments, No Credit Card payments.

Situation arises where the Human Resources at the School District (TEACHER), only allows certain companys that they will send money. Great American and other insurance companys. When I mentioned to human resources, that I was considering a NO LOAD mutual fund, they said FIDELITY was a NO LOAD....is that a good choice, because the investment fella at the credit union, had us signed up for MFS, with a 5.75% load...Still trying to gather my information., on what to do with the $300..., Thanks
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