UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next
Author: Threesin One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75802  
Subject: Re: Variable Annuity Date: 9/5/1998 10:47 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Dear galleta,

PS: Another reason I haven't sold the annuity is that we would have a very large gain upon which, as I stated earlier, we would pay taxes at the ordinary rate, I think.

Also noticed another error. We went into the annuity in order to achieve more TAX-deferred growth. We chose T.Rowe because their total charges were equal to or less than many of the mutual funds on the market.

If I were to get to make a choice today, I'd choose a Cash King type investment over the annuity. BTW, all the mutual funds we converted into CK type investments were in protected accounts (IRAs & KEOGH) so we didn't have to be concerned with the tax consequences:-)

Good Luck

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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.