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Author: tmackfool Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76079  
Subject: Re: CONVERT 401K INTO ANNUITY Date: 11/23/1999 12:36 AM
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I HAVE BEEN UNABLE TO CONVINCE MY WIFE THAT IT WOULD BE ABSURD TO CONVERT HER FULLY VESTED 401K OF APPROX.
$80,000 HANDLED BY TRANSAMERICA INTO AN ANNUITY WITH THE HARTFORD RECOMMENDED BY HER FRIEND, BROKER BILL.
CAN ANYONE GIVE ME ANY "AMMUNITION" TO USE TO CONVINCE HER THAT AN ANNUITY SHOULD NOT BE USED IN A 401K OR
IRA? HELP!



HERE ARE SOME (oops! I forgot to turn off the CapsLock Key! Sure don't want to forget that!). Here are some links to a couple of sites that are not exactly big on annuities:

http://www.quicken.com/annuities/

http://www.smartmoney.com/smt/asksmi/index.cfm?story=19990826

http://www.smartmoney.com/ac/retirement/investing/index.cfm?story=wrongannuities

http://www.smartmoney.com/smt/asksmi/index.cfm?story=19991026

http://www.smartmoney.com/smt/asksmi/index.cfm?story=199712122

http://www.smartmoney.com/smt/consumer/index.cfm?story=199811113

When some people hear the initial pitch, you can't get them out of an annuity. Good luck.

Taylor
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