A friend recently asked me for some investment advice, and one thing I wasn't able to comment on was her TIAA-CREF After Tax Annuity - Intelligent Variable Annuity. Does anyone know about these instruments? I saw that it contained 15 (!) different funds, some of which had high expense ratios. I can help with the fund selection, although she's working with a TIAA-CREF advisor so I doubt she'll actually make any changes.
Does anyone know about this particular investment vehicle? Is it possible to get out of it? I know some annuities lock you in, and if that's the case then I'd just like to help minimize the damage. If she can get out, should she?