UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: clufool Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75383  
Subject: Re: annuity? Date: 3/17/2000 12:31 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I have an annuity currently valued at 100k. Better to leave it? Take it out an begin to manage portfolio like a fool? Can the entire amount be transferred to a tax-deferred account (ira)? or will I have to pay a tax/penalty for early withdrawal? Help!?

If you don't have a large surrender charge in the above annuity and you would like to transfer it to a Variable Annuity where you can choose the investment
portfolio, the IRS allows you to transfer the cash value of the annuity via 1035 Exchange. I like the Vanguard Variable Annuity. Vanguards annuity is no load, and no surrender charge. There is a $25.00 annual fee if the balance is below $25,000. Their expenses are very low too, compared to other Variable Annuities.

This Variable Annuity has an Equity Index Portfolio.

Here is the Web Site.

http://majestic4.vanguard.com/FP/DA/0.2.vvap_name_report/071670228817120145

cf
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
TMFDeej's CAPS Blog

Activist Investors Unlocking Value at LSB Industries?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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