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Greetings, Nancybp, and welcome. You asked:

<<Is it better to leave retirement funds in the insurance company to withdraw as an annuity or to withdraw it, pay the taxes and invest individually. These funds, $200,000, do not qualify for rollover.>>

That all depends on what penalties you may have to pay for surrendering the annuity (your annuity documents will tell you that), what the annuity earns, what you would earn in any alternative under consideration, and your willingness to invest the money yourself. We really can't answer that question for you because only you know your situation. Most Fools believe we can beat the results produced by most annuities; however, that implies a willingness to take risks on our part and a general understanding of investment alternatives. Can you beat your annuity? Possibly. But only you know what you would do with the money available after surrender and how comfortable you are with managing that money.

Regards….Pixy
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