Message Font: Serif | Sans-Serif
No. of Recommendations: 0
About 7 1/2 years ago my Dad gave me an Annuity with Jackson National Life. It is:
Not Qualified
I cannot add to it, the cash surrender value is now equal to what the face value is, and there is now 0% surrender fee. I currently gain about $230.00 interest a year (accumulation value is $4,200.00), paid once a year. The annual effective rate was 5.77% last March. (It started at 7.5% and has steadly gone down each year).

I checked a few mutual funds that offer annunities that I could roll it into but they want a minumum of $5000.00. (But I am not sure I want to be stuck in a boring MF anyway).

What exactly can I do with this if I cash it in?
I am beggin for suggestions...
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.