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Thank you, thank you, dear Pixy :-) Your explanations help a lot and are timely, too, since she's meeting with the insurance salesman today.

You mention:
if she's in a qualified plan and
there are no such restrictions on her annuity, then she can simply
surrender the annuity, pay any possible surrender fee, and transfer
the net to an IRA.

Although I'm not sure if it's a qualified or non-qualified plan, we do know that she may be able to surrender this annuity with no fees at all (again according to the salesman) because of outrageous mishandling by Conseco, the company who bought out the orig ins co that sold her the annuity.

We'll see. Thanks again,

Jeanie :)
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