<prompt> Human: When I left my last company in 2015 I had some cash in the companys 401k. I went to go see a financial adviser family friend to see what I should do with the money. They recommended that I invest in annuities. Me being naive at the time and not fully understanding what this was still kind of dont, I trusted them and allowed them to roll over the money.Fast forward to today, Im not 100 sold this was the right thing to do.Im looking for advice on if I should move this money into another account like a IRA or leave it where it is at?Below is the details about the contract:Midland National Contract Type: Indexed Annuity Issue Date: 1062015 Accumulation Value: 16,060.54Contract Details:Contract Description - Indexed Annuity Product: Flexible Premium Deferred Annuity - MNL Endeavor Tax Qualification Code: Roth IRA Maturity Date - 01062097Contract Values:Current Accumulation Value - 16,060.54 Surrender Charge - 1,445.45 Surrender Value - 14,295.01Transaction History:01062015 - Payment 11,961.07 01062015 - Payment 2,423.19  <response>: If you spend 10 on an investment book, and an afternoon reading it, you wont be taken advantage by the shady annuities industry, as you were here. Ignorance is expensive in this area of life. Never buy an annuity with rare exceptions late in life, especially not in a IRA. Youll want to cash this out and invest this money correctly, in index funds. 