“I have an annuity that was inside my wife’s IRA – she bought it almost 9 years ago. I’ve taken two RMD’s from the IRA. I got a letter from the annuity company saying they recommend I invest these monies ($185,000) in a new annuity that matures in 7 years. I’m 83 years old, in good health and not sure how I feel about tying this money up again. I know I don’t want to pay income taxes on $185,000 if I decide to do this. What do you suggest?”
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