UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: Crosenfield Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Re: annuity investing Date: 7/29/2000 1:15 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I agree. If you can now do a 1035 exchange without penalty and the investment has not been performing to your satisfaction, look at these options:
1. Different choices within the same company. An equity investment will perform best over the long run. If one is going to pay the higher fees and "mortality charge" of an annuity, you want to invest quite aggressively to make the company work for you. A guaranteed 8% or whatever rate doesn't sound like a variable annuity at all; and unless you plan to start drawing money in the next five years, you should still be in the stock market, meaning variable annuity and a fairly aggressive choice.
2. Different company. Look at Vanguard and Fidelity, both of which have annuities with lower fees than most and no surrender charge. You can do a 1035 exchange by contacting those companies, selecting one, telling the company of your choice what you want to do and they will handle the paper work for you after you provide the account number and perhaps a copy of the most recent statement.
Best wishes, Chris
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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.
Post of the Day:
Macro Economics

Looking at Currency Ratios
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.
Advertisement