Ask Terry Questions IRA AND ANNUNITY — Mistake?

IRA AND ANNUNITY — Mistake?

By Terry Savage on January 14, 2016 | Investments

I recently converted my IRA into an Annunity — now i;m feeling like this was not the right thing to do, but its done, what do you think?

Terry Says:  I think you helped the salesman’s retirement, not yours!  How long ago did you do this?  You may have a 30 day right to rescind this decision.  Ask immediately if that’s possible.  Without knowing all the details of the kind of policy, and your age, I can’t really give you a complete answer, but if you can get the money back I can point you in the right direction for advice.

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