Hey guys,
I inherited an annuity when the wonderful "old guy" passed away and it's fast approaching the "get out of jail without a penalty" date.
Here are the particulars.
AXA variable annuity
current value 504K
initial premium paid 400K
annual fees 3.35%
Death benefit-standard?
living benefit value 511K
payout amount available based on benefit amount 20,456.00 (I think this is what I would get annually if Iturned it on)
lifetime payouts
No adjustment for inflation
I definitely want to move it because of the fees.
What should I be concerned with?? and suggestions on where to move the funds.
I inherited an annuity when the wonderful "old guy" passed away and it's fast approaching the "get out of jail without a penalty" date.
Here are the particulars.
AXA variable annuity
current value 504K
initial premium paid 400K
annual fees 3.35%
Death benefit-standard?
living benefit value 511K
payout amount available based on benefit amount 20,456.00 (I think this is what I would get annually if Iturned it on)
lifetime payouts
No adjustment for inflation
I definitely want to move it because of the fees.
What should I be concerned with?? and suggestions on where to move the funds.