Recently an advisor was indicating that we should invest in an FIA. I am a few years away from retirement and my wife a bit more. Between us we have 3 different pensions, social security and about $950k in 401k, 403b, rollovers, annuities and some mutual funds.

I have read and talked to other people and I have yet to find many positives

Jim

Terry Says:  Advisors can make a lot of money selling you Fixed Income Tax-Deferred Annuities.  You might be doing more for the “advisor’s” retirement plan than yours!  That’s why the Department of Labor is about to come out with some new rules about disclosures and costs of products being sold to retirees.  First, is this person an advisor in the true sense of the word:  a “fiduciary” (who must fully disclose all costs and fees, and put your interest ahead of his own) or is he/she a salesperson for an insurance company or brokerage firm??

You want a fee only Certified Financial Planner.  As a start go to www.FeeOnly.org to research these advisors.  OR since you have rollover accounts, make sure you have some at either Fidelity or Vanguard or T. Rowe Price.   Each has a free financial planning service that will review ALL your assets and give you unbiased advice about investing your retirement assets, along with low cost products.