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Author: peppermintpatty Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19257  
Subject: Re: tranfer annuity ? Date: 4/6/2000 11:27 PM
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razuli -

You said: "The account is an indexed annunity that grows at 3% until it matures in 2004 At the date of maturity it is credited with 100% of the average of the Weekly S&P 500 during 13 weeks prior to the date of maturity. This sounded good when I bought it but now I know that it would be better if the money was compounding over the life of the seven years."


I would tend to agree with you... 3% over 5 years & then a bonus is not what I'd prefer!

Best wishes, PP


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