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Strategies & Market Trends : Fidelity Variable Annuity (Annuities) -- Ignore unavailable to you. Want to Upgrade?

To: Angler who wrote (2)	1/5/2007 11:27:33 AM
From: SAM	Read Replies (2) \| Respond to of 21

Can somebody tell me when is it appropriate to invest in annuities? I have heard that most annuities are not suitable for most of the investors because of high fees and penalties for withdrawals. I can save a bundle on taxes if I switch my non retirement investments into tax deferred annuities. Thanks for the help. - SAM

To: Angler who wrote (2)	1/14/2007 6:57:03 AM
From: MoneyPenny	Read Replies (1) \| Respond to of 21

We've been in these for the same amount of time, Angler. I am sitting with about 22% cash since I reduced my Emerging Markets Debt and Natural Resources funds in early December. I have International cap appreciation, Contra, Midcap and Emerging Markets as well as the two mentioned above. I feel like a change and am just starting to look at where I might put that cash. I am disappointed that Fido removed the precious metals and base metals from the Natural Resources fund last fall. I voted against this as I felt it really restricted the manager's potential for appreciation. The fund is certainly showing that now since winter has been cancelled and peak oil shown to be a myth. (G) I am now 60 and am thinking I need to be a little less aggressive. Do you ever think you will roll this to an income annuity? MP