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Subject:  Re: Variable Annuity within IRA Date:  2/10/2004  4:16 PM
Author:  gogreengo Number:  39117 of 90441

I recently opened an IRA at Fidelity. The advisor there told me they don't allow people to put Variable Annuities inside IRAs. That's because it's not financially smart, as you are essentially putting a tax-deferred vehicle inside a tax-deferred vehicle. Doesn't make sense. That's what I've heard from other sources, too. If you want to own bonds, you can buy them individually and hold them inside an IRA if you want to, right? Or perhaps look into a bond fund? U.S. savings bonds might be another option.
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