The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  https://boards.fool.com/inherited-annuity-13638422.aspx

Subject:  Inherited Annuity Date:  11/6/2000  8:30 AM
Author:  rkmacdonald Number:  41508 of 132161

I am one of three beneficiaries of a variable annuity left to me by my father. The other two beneficiaries have all taken their benefits in cash. I chose an option to defer payout for five years, because I am in a high tax bracket and will be retiring in about three years.

After some investigation I realize that the expense ratio for this particular annuity is very high. I am wondering if there is any way to exchange this money into a lower cost annuity of my own chosing? I think I could do this if I owned the annuity contract, but in this case the annuity contract is still in my father's name.

Russ
Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us