Variable annunity

My financial advisor put 300000 dollars of my retirement money into a variable annunity , should I not have been asked if I wanted to purchase an annunity , after doing research on annuities feeling like he had his best interest before mine . Can I do anything about this to recover my investment without surrender fee through CFP board or lawyer.

Terry Says:   Wow!  Your “financial advisor” made a purchase that you did not know about or authorize?  Did you sign over “power of attorney” for him to/her to do that?  If not, yes you need a lawyer immediately.  Did this happen just in the past few days?  Annuity companies offer a minimum 10-day “free look” period during which the contract can be cancelled. (Some states, including California, offer a longer cancellation period.)

I don’t know the details of the purchase or the suitability of the investment — but I do know the “planner” made a huge commission.  Please let me know where you live, and I will refer you to good legal advice.  (Send me an email with details at Terry@TerrySavage.com.)  Also, please send me the name of the financial planner, the name of the annuity product and please re-read your contract with the advisor to make sure you did not authorize investments to be made without your approval.