Never never buy any kind of annuity for many many reasons. You already know about the high fees, which now you have paid 2x. You get pennie’s on the dollar in returns compared to investing your money in a index fund receiving an index and an average of 8% gains a year (unless you invest in the funds I do that make > 30% and stocks this past year that have performed > 100%) with little fees, just pay taxes on your dividends or long term capital gains.
Or if you have > $1M to invest, you could have been in a money market that has been paying over 5.25% with no fees and no risk.
Now if you get out of your annuities again, you will have to pay the high fees again, plus the cost of getting into them in the 1st place.
I hope the salesman gave you more than dinner!
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