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Probably because people who ER would rather drink it and flush it down the drain.:yuk::yuk::yuk:

agreed!

I, just this week, opened up an account with Valic that I will begin contributing to. So, I may consider that.

That would be my understanding, but of course I'm no expert. Since I took a lump sum distribution on my father's annuity it put me in a higher tax bracket.

Yes I have a few times. Once I even had a "financial advisor" pick the funds for me. That's one of the reasons I don't understand why I cannot gain on this thing.

I have an investment in Wellesley and if I surrender will most likely open an IRA with Vanguard.

I inherited a fixed annuity from my father. It was taxed as ordinary income.

http://www.smartmoney.com/retirement/planning/whats-wrong-with-variable-annuities-9512/ This is a very good article on VA's

Hi, I have a variable annuity that I purchased in 2000 that started out with American Skandia, but was sold to Prudential several years ago. How I wish I had not purchased this, but I was conned by a "financial advisor" that I trusted at the time. Long story short, I invested 28K and, no matter...

Yes I did, John.

Thanks! I'll check it out!

What I decided Hi, Just thought I'd let you know what I've done so far and get your opinion. So far I have invested a little over $50K in VTINX, a little over $50K in VWINX and around $36K in VWEHX. The rest is safe in a Money Market. I decided to take the dividends (for now) but reinvest any...

I don't mind working a little longer as frankly I don't know what I'd do with myself if I didn't. It's what I know. Also, I'd like to do the fun things in life (within reason, of course) while I'm still able to do so and have the desire to do so. Besides, I have no one to leave anything to...

My Dad was not a fan of the stock market. He invested in fixed annuities. I know he would be dissapointed if I lost it in the "market" as I know he would want me to use this money to make life easier. Before he died he told me several times that he wanted me to enjoy my life. So, I'm...

Hi, I recently inherited a little over $200K from my parents. I am still working and don't plan to retire for another 12 years unless I hit the lottery, which is not likely. I have approx. $100K in retirement accounts (one I am still contributing to) and about $70K in other stocks/mutual funds...

It almost seems that no matter what I do, I'm going to lose unless I'm in fixed income instruments, such as CD's. Unfortunately, that's no way to make any money. Bummer???

I've looked at these TGLMX, TGBAX, THOPX as from what I read, it's best to stay in Short and Intermediate funds right now as interest rates are bound to rise soon. Any Opinion on the above? Thanks so much for your comments/suggestions. I has been a help to me.

@Brewer12345, 5-10% as I believe the dividends will offset the drop in NAV to help keep even.

I know I will need to take some risk, but I can't stomach a lot. It would need to be moderate.

But what about those of us whose loan is not through Fannie Mae/Mac?

Hi, I am looking for an income investment (stream) with at least a modest amount of growth. I have approx. $150K to invest. I do not want to reinvest the dividends, but use the cash to supplement my income. I have some mutual funds in a retirement account that I am currently contributing to...

Hi, I will be inheriting a good sum of cash soon. I'd like to have this money in a fund where I draw a cash dividend each month w/o touching the principle. Any suggestions on a good, stable fund????

I do want to roll it into a tradional IRA. I have one set up that I can roll it into as my penalty phase is over. I wasn't sure if I could do that w/a variable annuity, so I'll check w/Prudential. If I can, I'll start looking a some mutual stock funds. I hear that bonds isn't the place to be...

73ss454, I can read, but had conducted business with this "gentleman" for quite a long time w/good results. Thought (wrong) that he had my best interest at heart and will never do that again.

Hi, I purchased a variable annuity from my "advisor" (at the time) back in 2000. I used my retirement funds of $28K. The "advisor" stated time and time again during his presentation that I was "guaranteed to double my money in 10 years" and that I "couldn't lose". Both my father and I had done...