I sold annuities and mutual funds for over 20 years - I'm retired now, not looking for a sale. My advice is to sit tight right now. My motto has always been to never make decisions when you are in a rush, in a panic or drunk! Depending on your age, an annuity may not be right for you. Besides, your rep is going to see a big fat commission and probably push an annuity. Today, the market will probably go up - Dow futures are up over a thousand this morning. The market is unstable now. I would suggest you consider an S&P 500 fund - probably Vanguard - no sales charge. Also, I suggest that, if you are going to invest the entire amount, consider "dollar cost averaging." Divide your $200 thousand into lots - say 20 $10,000 lots. Invest each lot on the first of every month - like clockwork. This way you will buy more shares when the market is down and fewer when the market is up. In the long run you will have more shares and higher value than if you invested the entire amount at one time.
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