What's the Least Painful Way to Get Out of a Bad Annuity?
In this Answers, Answers segment from an episode of Motley Fool Answers, Alison Southwick and Robert Brokamp try to help a woman whose parents were likely led financially astray by the person who sold them a variable annuity for her. These assets have some merits, but their returns in general aren't all that great.
And, unfortunately, selling before you're 59 1/2 means an ugly IRS penalty. However, Sarah's money isn't entirely trapped.
A full transcript follows the video.
Source: Fool.com