Early Retirement & Financial Independence Community

Early Retirement & Financial Independence Community (http://www.early-retirement.org/forums/)
-   FIRE and Money (http://www.early-retirement.org/forums/f28/)
-   -   would you transfer an annuity? (http://www.early-retirement.org/forums/f28/would-you-transfer-an-annuity-21374.html)

nun 05-23-2006 09:18 AM

would you transfer an annuity?
 
This is either a no brainer or a very personnal descison, but I thought I'd poll your opinion.

I have about 25k in an old annuity that has produced 6.7% annual interest over the last 10 years. I'm thinking of rolling this over into an IRA. I'll have to do this in ten equal payments over ten years. FYI I'm 45 and about 4 years away form ER. If I was to leave it alone and start taking income at 59 1/2 I can get $500 per month for life or $11k for ten years.

Is this worth the effort or should I just use this annuity as a part of my fixed income?

brewer12345 05-23-2006 09:23 AM

Re: would you transfer an annuity?
 
Which company is it woth? What is the current crediting rate?

nun 05-23-2006 10:06 AM

Re: would you transfer an annuity?
 
Quote:

Originally Posted by brewer12345
Which company is it woth? What is the current crediting rate?

TIAA

brewer12345 05-23-2006 10:18 AM

Re: would you transfer an annuity?
 
I'd just count it as part of your FI allocation, then.

nun 05-23-2006 10:43 AM

Re: would you transfer an annuity?
 
Quote:

Originally Posted by brewer12345
I'd just count it as part of your FI allocation, then.

That's what I was leaning towards.

d 05-25-2006 03:24 PM

Re: would you transfer an annuity?
 
nun: there's a discussion (5/24) on TIAA Traditional on the M* TIAA-CREF board that you might find interesting


All times are GMT -6. The time now is 11:44 PM.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.