RUN, RUN, RUN far away from this advisor. Annuities should be your LAST choice when all other options have been exhausted and you're still being killed by taxes.I agree. Don't literally run, but fire his @$$ first thing in the morning. Transfer all money into your own control and be done with him. If he has made a recommendation which is so much against your best interests and in favor of his own, I would not be surprised to see some other hanky-panky going on with your money. Oh, nothing illegal, but higher than necesary fees, well hidden. will lose 40% of current 401(k) I don't think this is correct. They will only lose 40% of the paltry 3% match. The 6% match at the new job will more than make up for this in a few years.A large plus has been missed. The existing 401(k) can be rolled over to an IRA where you have complete control over investments. This is a big benefit of taking the new job.
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