Ugh! I guess your “fee-based” advisor figures he needs to earn some more big fees off of your account! Don’t do anything. Since you have existing annuities, my first suggestion is that you contact my annuity expert– Jeffrey Oster. I have known him forever — he is honest and will do a real analysis of those current annuities. You can reach him at 888-655-1035. Feel free to use my name, or not — as I get nothing out of this.
The real problem though is that you need an overall financial plan — from someone who is a FIDUCIARY. A FIDUCIARY promises to fully disclose all fees (betting that y0ur “fee-only” advisor didn’t do this!) AND promises to put your interests first — ahead of his or her own desire for fees or commissions. ASK your current “advisor” if he/she will sign the FIDUCIARY PLEDGE in writing! Thought not!
So after you get a feeling for your current situation, try going to Wealthramp.com to search for a CFP who is a fee-only FIDUCIARY. No one will call you — but with this matching service you are certain to get a responsible advisor. Try it — the first meeting is always free.