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Author: gogreengo Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76079  
Subject: Re: Did my parents get burned? Date: 9/9/2003 12:42 PM
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I think I've read that if it's an employer-sponsored plan, like your 403b, it's probably ok. You'll maybe want to do some research on this. The thing you don't want to do is open up an IRA and then purchase an annuity within that IRA. You're not gaining any advantage by putting a tax-deferred instrument within a tax-deferred account. And you'd likely be paying fees for the annuity that you would be better off avoiding. That's about all I know.
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