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I have recently taken responsibility for my mother's investments. She is 66 and retired. Among her investments is a variable annuity with VALIC worth about $25,000. It is invested in an index fund within the annuity subaccount. No withdrawals have been made to date.

From what I have read here on the fool site, annuities are way too expensive to be worth it to invest in the first place. However, given that the annuity already exists, is it worth it to switch the investment to something else? She has an IRA and recently I switched it to an online brokerage acct and invested in individual stocks. I would love to transfer the money from the annuity into the IRA. I know this is possible without tax consequences, but what sort of charges/fees will she be socked with by VALIC? From VALIC's literature I can't figure it out. I suppose I need to call them. I feel like the money is being held hostage.

Thanks for any help anyone can give,

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