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razuli - You said:

"Three year back, before I had met TMF, I purchased an annuity 100% vested in the S&P 500. While the 3% earnings is compounded, the payment based on the S&P is not. "


3% earnings on a fund invested in S&P 500... that doesn't fly! You need to review the terms of that annuity with a rep/agent from the company to get the whole story. If you don't have better options available in that annuity, you may consider a tax-free exchange to another!

Good luck, PP

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