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"While I find Rayvt's response most appropriate, prior to cashing out during the surrender period you might want to see if you want to take that penalty". Pixy's response tothe above has prompted me to get in the mix. I have a pretty good-sized variable annuity with no withdrawal fee and it is all IRA. I think it is a good annuity but I am totally sizzled since I found out how high my agent's fees are. (Since I became Foolish). As an IRA, this annuity can be transferred without tax consequences. I've been trying to compare my problem with that of HairBear2 and wonder if I'm missing a problem I'm not aware of. My plan is to roll the annuity over (through a discount broker) into recommended longterm Dow stocks. Am I making a big mistake? BG
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