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Rolling over annuity money to Variable Annuity??
Old 03-19-2008, 05:18 AM   #1
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Rolling over annuity money to Variable Annuity??

Scared to death about finances and retirement!!! My husband and are are both teachers (38 years) and really want to retire. We have annuity money from our state teachers account that our Prudential agent thinks we should roll over into a Prudential Premier Variable Annuity account. Does anyone know if this is a good thing?? On paper the results look fantastic...double your money in 10 years. HELP.

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Old 03-19-2008, 05:56 AM   #2
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BCG -see my post on the other thread you started.

good luck

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Old 03-19-2008, 11:17 PM   #3
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Old 03-20-2008, 06:22 AM   #4
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It is an excellent way for your Prudential agent to make money, not so for you. Don't do it.
Numbers is hard.

Retired in 2005 at age 58, no pension

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Old 03-20-2008, 06:39 AM   #5
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It's a good thing for your Prudential agent's retirement account.
"There is no dignity quite so impressive, and no independence quite so important, as living within your means." Calvin Coolidge
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