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Author: jrr7 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75378  
Subject: Re: 401k to Variable Annuity Date: 11/16/2001 1:18 PM
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Well that depends. Are the added benefits of the annuity (depending on your contract you may have some principal protection, and guaranteed lifetime payouts when you retire) worth the cost you're paying for it? Is the investment advisor's advice worth the commission you're going to be paying him for the next 10 years?

What other assets that you have? How long 'til retirement?

If I had been put in an annuity, I would want to get out of it as quickly as possible, before the "free trial" period was over. But I'm not in your situation, and I don't know all the details.

I'd recommend reading the Fool's website on IRAs.
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