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Ten years ago after my husband died I talked to these same people. I paid a $325 fee at the time for them to put me into a variable annuity WITHIN AN IRA. So they made money from the fee for advising me and from the fees and commissions on the annuities. Way stupid on my part, actually just ignorant since the MFool and all of the kind, helpful folks on these boards were not around to help me then.
I just got out of the annuity in the IRA since there is no surrender fee any longer (I got smart at a fortuitous time). I have opened an online trading account (aided by the TMF discount broker board) and will transfer the annuity money to that this week.
You have the advantage of all of the information from the folks at TMF.

Fool on and you will prosper. Be a fool and you will not.
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