Come on then ; what's your ideas ? What I said was I'm looking at a S&P Index fund, a small/mid-cap fund, approx $40,000 in stocks through a discount broker. Also at present $80,000 to $100,000 in a tax free money market or I-Bonds. I believe I'm getting a handle on variable annuity ; the only advantage [if there is one] would be that the taxes are deferred. This is negated by the fact that it would be taxed as ordinary income as opposed to capital gains. Add to this a high commision, the money is commited for 10-15 years and less growth then one could gain elsewhere, mark it a NO-SELL here. As to the question of diversification I completly agree ; suggestions ? Knowing it's better to having to pay taxes then not having the income to be taxed on ; I waiting to be told how to best minimize them. As to your suggestion that because my retirement plans are mazed out and my age  that I do not need any liquid cash I fail to draw the connection. Thanks for the responses.
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