Dear Ed,

If possible, please help or point me in the right direction.

While working, I invested in the TSA . I have recently been advised to rollover the investment into an IRA with better funding options, e.g., EDCA, EDB, GWB, & GMAB . I have been told that there is no penalty or charge for me to do this. I am now 63 yrs old and the money now resides in the fixed account earning 3%. The new account will have a 5% increased death benefit option and I will possibly return to a moderately aggressive investment strategy. I am reading your books. However, I am at a loss at making the right decision. My intention is to have the money as a legacy for my children and grandchildren or even parlay this money into a family fortune. I will not mention the tax consequences because they are unforgiving.

I am now being advised by a special agent of the companyl. Our relationship is fairly recent and I don’t know much about the person’s qualifications. Knowing what little I do know at this stage of my life, it might have been apropos for me to invest in mutual funds with after-tax dollars in the beginning. What would be your advice for me? I don’t want to make the wrong decision for my future or my family’s future. Also, I am not interested in taking an RMD at this time. Moreover, I do not want the majority of my investment paid in taxes. Am I being sensible about this matter?

Thank you,
Aitchpe