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bigcaat, in you post at you said this was an annuity with a 7% surrender charge then go on to describe a loaded MUTUAL FUND instead. You're concerns seem to be about the expenses of the MUTUAL Funds . . . NOT, an annuity. Annuities don't have those kinds of expenses you're showing. Annuities don't have a "load" and they also don't have 12b-1 fees. Maybe you need to take a closer look to clarify just what it is that's really in that IRA with Merrill Lynch??? Keep in mind that though variable annuities don't have "loads" they do have expenses, and . . . because of that, one is 100% invested where no load is taken out up front like the mutual funds you've listed.

I have a feeling that like so many investors, you were a pretty happy camper until the market went south??? Now it appears you look at the numbers and are disappointed and are really quite confused as to what the investments really are. After all most of those mutual funds did just fine until the market slumped.
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