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Put my annuity into what?
Old 10-10-2019, 06:12 PM   #1
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Put my annuity into what?

I have a volunteer fire Dept person that I got 8 years ago, Thrivent talked me into a annuity back then. Should I put it into something different now?
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Old 10-10-2019, 06:50 PM   #2
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Maybe.
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Old 10-10-2019, 06:54 PM   #3
Confused about dryer sheets
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Quote:
Originally Posted by travelover View Post
Maybe.
Amy hints as to what to put it into?

I'm 58 but don't need the money for 5 to 10 years.
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Old 10-11-2019, 06:03 AM   #4
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Do you need any adjustments to your AA%?
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Old 10-11-2019, 06:35 AM   #5
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What is the current annual return on the annuity? Is it still subject to surrender penalties? Need a lot more information to give you an informed answer.
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Old Yesterday, 07:21 AM   #6
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I'm also a retired volunteer firefighter and will get a lump sum retirement next year at age 55. I deferred the maximum % that I could and invested it all in the equity option in their pension plan. It's about $30,000.


FWIW I'm going to have the Fire Dept. roll it directly to a new traditional IRA that I set up at Vanguard as soon as I am 55. I won't be using these funds for a while (at least til age 59.5) so they'll be 100% invested in one of their index funds, probably Total Stock Market.


I have never included these funds in any of my long term financial planning and have no short term plans on spending it. I'm thinking I'll give it to my children when they have a need in the future, they gave up a lot of time while I was on the dept.
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