No. of Recommendations: 5
Thanks Jim for reformating them

Ok I plugged about 1/2 of the Strategic Partners funds in Morningstar. It appears all of the Strategic Partners funds are closed to all investors. Some are merely medicore, with high expenses and average returns, other have hideous returns and high >2% expenses. They all unfortunately have a 6% defered load. You'll need to talk to your financial planner to understand if having been with these dogs for 6+ years to see if you can avoid the fee. Worse case you'll pay a bit over $1,000 to sell the $17K worth of funds. Not pretty but with a 2-2.5% expense ratio the lower expense of a low cost Vanguard or even a Fidelity fund should recover your sales expenses in about 3 years. Sell them unless waiting a year or so will eliminate the deferred load.

Second with ~20K you don't need anywhere near that number of funds. Frankly two will do Vanguard Total Stock Market and Vanguard total bond fund.

Unfortunately, the American Skandia annuity is serious money, and I don't understand annuities enough to give you intelligent advise. In some ways you advisor was brilliant, he made sure that he got paid first. Some of the sub-funds that it is invested in Pimco Total Funds, William Blair International are fine 5 star funds (although the returns should be better.. probably extra annuity fees.)

My best advice is that being an annuity is like getting in quicksand, if you struggle to get free of them you'll sink faster, if you do nothing you'll still sink. Find a friend with a stick to help you get out. Now this friend could be the people Motley fool, but you'll need to do a lot of research on such issues as the surrender charges, current expenses and options for changing annuity investments, in order to get intelligent advice by others.

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