[Mark]

if ur money is in an annuity, move it as soon as humanly possible to fidelity and get it properly invested.

$20 says uve been making less yield than a HYSA

[Casey]

Depends on how much is in it and the growth comparisons of the new fidelity account vs your old account.

If your hypothetical growth before January is better than the $118 difference for waiting until january do it now.

If it were me I’d get it into Fidelity now but if its such a high fee like 50% of what you have in there it might be worth just waiting and start putting extra money into fidelity and starting the account that way…

[Tara]

Stop. Before you listen to anyone else’s advice here, I would run this past a financial advisor with a CFP designation.

Yes, it probably is a simple IRA, but the annuity is the investment *within* the Simple IRA.

And the problem may be that the investments within the annuity contract aren’t aggressive enough for someone young.

What annuity company is the annuity held with?

Yes, annuities have higher underlying expenses, but they also also come with insurance benefits that those expenses are paying for.

You have to make sure you are comparing apples to apples.

[Jenn]

We dumped an annuity that cost us almost $10k to get rid of. Best decision ever.

Made the money up in months!

[Jessica]

I just moved mine because you will make that $ back much faster than keeping it

[Stefanie]

Enrolling in The Savvy Investor Community (TSI) is a clever decision to enhance your financial abilities.

You will receive crucial tips and techniques that can greatly enhance your financial acumen.

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[Author]

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