Breaking Up is Hard to Do: Getting Out of a Variable Annuity Proves Arduous and Expensive

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[Opinion]

12/20/2004: Breaking Up is Hard to Do: Getting Out of a Variable Annuity Proves Arduous and Expensive (bWise Guys, LLC.)

Excerpt: Quick, a multiple choice test! Question: Husband-and-wife educators want to switch 403(b) plans. How easy is it? a. Easy as 1-2-3! b. A few glitches, but they are simply glowing about the overall process. c. Not so easy, but who cares! At least it was fun! d. Husband loses mind. Says, 'Hell with it!' Cashes in 403(b) plans. Runs away to a barter society in the Himalayas.

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