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PosFCF, Can you help me understand?
My banker had me roll over some IRAs into a variable annuity back in 1995. The amount was $17,000. I turned the annuity into a Roth in 1998 at a $25,000 value and paid the taxes on it over 4 years.
Of course everything crashed and it is now worth something like $20,000 and climbing, but its highest anniversary level is $42,000 and that is the amount my heirs get if I die.
My accountant has told me to leave it there until it approaches a value of $42,000.
Isn't this one time when leaving a variable annunity alone is the best case senario, seeing as I have already made so many mistakes?
I am 62 and semi retired.

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