No. of Recommendations: 0
Greetings, BG, and welcome. You asked:

<<I think it is a good annuity but I am totally sizzled since I found out how high my agent's fees are. (Since I became Foolish). As an IRA, this annuity can be transferred without tax consequences. I've been trying to compare my problem with that of HairBear2 and wonder if I'm missing a problem I'm not aware of. My plan is to roll the annuity over (through a discount broker) into recommended longterm Dow stocks. Am I making a big mistake?>>

In your case and because the annuity is already inside an IRA (rather like wearing a raincoat indoors), you may very well do better by surrendering that product. That's particularly true if you're a Foolish investor. Still, you should do the comparison of the expected alternative rate of return to that of the annuity. If over the same time period the alternative would be better, the choice is obvious. But you still have to the analysis, and only you can do so.

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