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Greetings, CalebOK, and welcome. You asked:

<<I have variable life insurance policy I no longer need as insurance. I am considering rolling it into a variable annuity offered by TIAA-CREF as they have, what appears to be, the only annuity worth the investment. Otherwise I would cash it in and lose the 28% in hopes of getting it back in the stock market. Since I hope to retire in ten years, 28% seems a big chunk. Any creative ideas?>>

Nope, not really. You either do that or you pay the taxes (and possibly an early withdrawal penalty if you're under age 59 1/2) by surrendering the policy. TIAA-CREF is IMHO a sound, well-run organization. I hold them in high regard, so I have no qualms about saying you could do a heck of a lot worse for yourself.


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