I have a financial advisor (investment representative) who is trying to get me to take my 401K out of my former company plan. It is now in a relatively safe stable fund earning a steady but meager 4.5% - 5% interest. I am now semi-retired. He thinks a guaranteed variable annuity would be right for us in that we do not need to access the funds for at least another 4 - 5 years. He figures it could return over time a safe but 2-3+% better return. It could be invested into various bond funds or other funds. If we invest over a certain amount with him the fee would be around 2%. My wife and I can't seem to decide or agree on what to do? We have no children. My wife is 5 years younge than I. We do not want any unnessary risk at this stage of the game. Any thoughts or suggestions? Thanks! Steve
- posted
17 years ago