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I recently signed up for my first IRA. It turns out that this is a Individual Retirement ANNUITY rather than an Individual Retirement ACCOUNT. When I found out that there was a difference I went to talk to the guy that opened it for me, (life insurance/financial planner at my wife's employer, an insurance company). He told me that it was my best option because I didn't have the down payment for opening an account with some of the larger companies and the low fees and good returns available with the annuity. Just wanted some opinions and advice, how do others feel about this? What would you have done? What would you do now? If you can answer any or all of these questions I'd apprectite it. Thanks, Justin
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