Ask a Fool: Help, I'm Stuck With an Annuity!
In the video below, Motley Fool senior editor Dayana Yochim sits down with Robert Brokamp, senior advisor for The Motley Fool's Rule Your Retirement service, to take a question from a Fool reader, who writes, "I was 'sold' a variable annuity by a 'friend.' He basically explained NOTHING to me about this 'investment.' He handed me the prospectus and signed me up. I am single, I have no heirs, and I am 65. Obviously, this was NOT a 'good investment' for me! Is there any way out, without paying a huge penalty?"
Making the right financial decisions today makes a world of difference in your golden years, but with most people chronically under-saving for retirement, it's clear not enough is being done. Don't make the same mistakes as the masses. Learn about The Shocking Can't-Miss Truth About Your Retirement. It won't cost you a thing, but don't wait because your free report won't be available forever.
The article Ask a Fool: Help, I'm Stuck With an Annuity! originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.