<prompt> Human: Im going to provide as much detail as possible and I apologize if Im missing anything pertinent. If you are interested in helping just ask any questions and Ill get the answers!So my wife has a 401k in a fidelity account from her previous job at GE. Currently her 401k consists of all GE stock that has clearly taken a beating in price lately. She has 108k in there currently with the GE stock being so low. Her mothers boyfriend is a broker to be honest I have no idea what his actual title is, basically a hustler who we let do our house insurance and life insurance. Hes been trying to get her to roll over her 401k into some program. This programs details are...Shell roll over her 108k in her previous fidelity account into a program ran by Athene. -Theyll give her a 13 bonus for rolling it over- the money will be put into two index funds-if markets go down she wont lose any money. -no cap if markets go up-it is locked up for 12 years-profits are locked every two years. Simple Ex. If she invests 100k and in two years its up 20 for a total of 120k then the next cycle starts at the 120k is her new floor she cant lose below 120k so on for 12 years. -1.50 sign up fee-.85 rider fee-have until aug. 17th to sign upSo its obviously a weird spot with a family member which I wouldnt suggest as a good idea but also it seems a little too good to be true. One question I have is whats the downside were not being told?Also, from experience, GE has already taken a beating, shes down about 60 in stock price already so is the theory to not sell at the bottom applicable in this situation as well?Thanks for any help or input and I apologize if Im using improper vocabulary on this topic, this isnt my area of expertise  <response>: Ugh. Sounds like a typical annuity deal, they are heavily fee laden behind the scenes and the broker gets big commissions to sell them. First things first, I suspect skippy boyfriend is an insurance salesman posing as a financial advisor which is extremely common. Take a look at his business card and look up his licenses. My guess is they are all insurance related and not SEC finance related. Buy your insurance from an insurance person and do your investing with a highly qualified investment person. I bet he has also sold you some sort of whole life insurance that SUCKS as well. You should look at replacing that with Term insurance carefully, dont cancel one policy until you have the other in hand. I dont know exactly what Id do about the GE stock but you need to look at the specific tax implications of selling it and your overall level of investment diversification to make a good decision. If you need some help with that, find you a good financial advisor who is NOT an insurance salesperson. 