No. of Recommendations: 3
Just wanted some opinions and advice, how do others feel about this?

I would do what I could to get my money back and into a real IRA, spend a little bit of time researching investing, and make a note to myself to not deal with anyone who combines the words 'insurance' and 'financial planner' in their title. The guy wants his commission, and should be regarded as a salesman.

It's your money. Be careful with it. If it's a small amount, be thankful that you have been able to learn a very important lesson at relatively small cost.

There is tons of info on IRAs and retirement investing here at TMF. Take some time and read some of it.

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