I put money in an annuity that was to mature, like a CD. Now, they say it's till I retire in 15 years. What to do I do?

An annuity is a contract, and you need to put together the elements that form the basis of this contract, both written and oral. There should be an insurance company involved in the underwriting of this contract. Contact the insurance company and see what their position is with regard to this annuity. If you do not get satisfaction with the company, seek an attorney that works in the investment fraud area.

Disclaimer - This presentation does not constitute legal, accounting or other professional advice. Only through a personal, confidential consultation with qualified legal counsel can anyone properly evaluate their own unique estate planning challenges and determine what, if any, appropriate legal strategies and tactics should be implemented to meet those challenges.

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First, contact the company where advisor #1 worked and file a formal complaint with them. Second, at the same time, contact the Cal. Dept. of Insurance. Annuity sales people are licensed by the Dept. of Insurance in California. Depending on your age, you have a short period of time in which to back out of the contract at no charge, so DO NOT DELAY. If your signature was forged on the contract, you may have a fraud claim as well.

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.