I am 29 years old and committed to maxing out my 401(k) as well as investing in a Roth IRA. My father and his friends have been following the advice of a financial planner for many years. He works for Thrivent for Lutherans. He recommended I put my Roth IRA in a variable annuity. The more I read I think that this may not be the best move. I have already opened the account and made contributions for over a year now. I will probably pay a penalty to move the money. What are your comments about variable annuities vs. mutual funds in a Roth IRA?I have good news and ba[...]
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[Source: The Money Blogs]
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