Hello. I'm new to Motley Fool and have just read part of the Investment Guide. I have an IRA in two different investments: one is in a variable annuity that invests in a variety of mutual funds and the other is a regular mutual fund. I don't know how to take my money out of either fund and start a Foolish Four account, should I decide to do that. One account I make payments directly to the fund with no broker; the other was sold to me by a financial planner with whom I was not well pleased. I don't think there is a penalty to sell the regular mutual fund but I think there is to sell the annuity. The fine print says "All full surrenders or withdrawals may be subject to a declining sales charge. The maximum contingent deferred sales charge is 7.0%" Does this mean I could be charged up to 7.0% of the fund to sell it? Thank you for any help you can give me with finding out what I need to know. Rosalind.
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