<prompt> Human: Hi Reddit,x200B;I just recently came into an inheritance due to an unexpected death of a family member. We have a financial adviser that does the finances for most of the family but has yet to do mine until now. All the other family members signed the annuity rollover trusting him and I am struggling to understand why I need an annuity at my age. 22.x200B;The family member left me an annuity worth 200k in a policy with a fee of 1.3. The taxable amount is roughly 125k. The adviser wants to roll it into another annuity with a fee of 1. His reasoning for this is to save on taxes and expand my investment options. He hopes to get 8-10 annualized.x200B;Why would I not want to roll this into for example a vanguard or fidelity account and invest it into mutualindex funds with fees of less than .25? I do not plan on touching any of this money for the next 35-40 years. I understand I would have to pay a tax or surrender penalty on cashing out the policy, but over the course of 40 years what would be my best option?x200B;FYI: I do have another portion of inheritance coming from the sale of 2 properties which I do plan to invest as well as use for purchasing a house etc. in a few years.  <response>: Youre right. Find a new advisor. 