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Author: jtmitch Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76397  
Subject: Re: Variable Annuities Date: 12/22/1999 8:43 AM
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Flocky --

I know you are getting all sorts of advice, so here's some more to further confuse you. One person recommended an annuity with Vanguard if it is available. My only caution there is to make sure you know who is the insurance company running the annuity; don't just assume it's low expense because the name "Vanguard" is associated with it. If it is simply a Vanguard subaccount wrapped in a high priced insurance product, you may not be saving yourself anything. If it is the insurance company through whom Vanguard sells its variable annuities to the general public (I can't remember it's name offhand), it will be a lower cost option.

Also, see if your school system offers a TIAA-CREF annuity program. I doubt you will find a lower priced, more reputable organization than TIAA-CREF. They are the largest pension organization in the country, have a lot of clout in the investment community and have historically very good (albeit not spectacular) returns.

jtmitch
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