Sunday, 24 November 2013

Advice on Investing in a Variable Annuity?

I am 67, retired, drawing Social Security of $800 month which is adequate. Cashed in my 401(k) of $14,000 but now need to place it in an IRA somewhere within the next 30 days. I was advised by a Financial Planner of a local bank to put it into a variable annuity, but I am not sure after reading all the pros and cons. Any advice?
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