Originally Posted by dinodino
My in-laws have a variable annuity with Transamerica, and I am inclined to advise them to cancel and take the surrender value. I am worried about institutional risk (never mind what I think about annuities, which is a whole separate issue).
What do you folks think?
What I think is that there is way more marriage risk in something like this than you might realize. Just by mentioning it you make the buyers feel dumb. If they do what you say, and invest in Vanguard indexes or something and we get a huge bear market they lose money that they will feel and maybe justifiably so that is on your account.
Not long ago there was a thread on here about someone who wanted to take a job that his wife didn't want to move for. Many people who felt that their careers had maybe been harmed by not talking a move, or quitting a job to follow a spouse, piped up with how they harbored resentments through long marriages.
Since you are already married it is too late to make the most rational choice, but don't confound your troubles by volunteering for risky assignments.