My mother is retired, age 67 and has some money in variable annuities. She won't see any of the money until she is around the age of 80 (which she feels is pointless) and would like to have access to her money at an earlier age. I would like to see her get rid of the annuites and put her money into something else. My questions are, would it be wise to move her annuities into something else and take the hit on taxes and possible early withdrawl penalty, and if so, what could she move the money into?Thanks in advance.
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