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This is my first post. I am completely unschooled w/regard to investments. I have been approached by a Financial Advisor to switch my entire 401K into Principal Investment Protector Plus 2. I can't find any info on that fund - is it safe, performance, etc. I'm sure it's out there, I just don't know how to go about finding the info. Also, the F.A. is working me REAL HARD! That makes me suspicious. I'd like to think that she's altruistic, but... Can someone cut through the muckity muck and help me learn how I can make an informed decision.
Thanks!
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There is no reason to be suspicious. You can be SURE that the reason is that the FA is hoping to gain a large commission and ongoing fees. Most annuities are created to be sold not to be bought as a good investment. Most are not cost effective.

Bob
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If you do a search on annuity you will see a number of links to articles and message posts on the subject.
http://boards.fool.com/search/solr.aspx?q=annuity&dataSo...
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This is my first post. I am completely unschooled w/regard to investments. I have been approached by a Financial Advisor to switch my entire 401K into Principal Investment Protector Plus 2. I can't find any info on that fund - is it safe, performance, etc. I'm sure it's out there, I just don't know how to go about finding the info. Also, the F.A. is working me REAL HARD! That makes me suspicious. I'd like to think that she's altruistic, but... Can someone cut through the muckity muck and help me learn how I can make an informed decision.
Thanks!


Being approached by a Financial Advisor is a bit like being approached by a used car salesman who calls himself a Transportation Advisor. In both cases, I understand how the "advisor" could be working real hard to make the sale.

culcha
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i concur with bob. annuities serve a specific need. however when you really break them down and extrapolate a tangible rate of return on your principal money being put in, it is inferior at best and at worst will underperform. also you need to look at specifically who is backing the annuity in your particular state. does not matter if it says prudential on the cover page of the folder. dig in deep into the paperwork and you will be surprised at what you find.
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