Farrell: Parsing the annuity market can be a complex exercise

  • by: CHRIS FARRELL
  • Updated: December 14, 2013 - 2:00 PM

Q: Several years ago, my financial adviser got my wife and me to convert several of our IRAs, and Roth IRAs, to annuities. Both are tied to the market and have done so-so. Now after seven years and when the commission is just about up he wants us to convert to the Jackson National Perspective II Fixed and Variable Annuity. I am 59, and my wife is 54. I do not think this is a good idea to switch and pay expenses again. Thoughts?

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