I retired with ~34 years pension credit and have a defined benefit pension. I still have some money sitting in a deferred comp that I can't touch for 8 years. We went to a presentation that ended up offering the Aviva / Annexus Balanced Allocation Annuity.
A friend of ours looked over the sales brochure and basically said run. I don't need the extra income today but I also don't know what to do with the deferred comp balance. It's split as follows:
Dodge & Cox Stock 16%
Fidelity Contrafund 22%
PIMCO Total Return 14%
Vanguard Cap Opportunity 10%
Vanguard Internat'l Growth 17%
Guaranteed Return (2.75% Return 2nd Qtr) 21%
So, is this a good option or should I run?
A friend of ours looked over the sales brochure and basically said run. I don't need the extra income today but I also don't know what to do with the deferred comp balance. It's split as follows:
Dodge & Cox Stock 16%
Fidelity Contrafund 22%
PIMCO Total Return 14%
Vanguard Cap Opportunity 10%
Vanguard Internat'l Growth 17%
Guaranteed Return (2.75% Return 2nd Qtr) 21%
So, is this a good option or should I run?