variable annuity

[whoopazz]

So, I'm thinking about following my advisors advice and rolling a couple smallish IRAs into variable annuities. Guaranteed return, which may not be bad considering Brents dismal predictions, but also can include aggresive growth funds without risk. With Prudential's, you get guaranteed quadruple return in 20 years (of course for a fee (6% annually)), but since this fund resets on a daily basis to the greater value of either the guaranteed return or that days market return, you're essentially guaranteed to do much better than that (in any scenario, you can't lose money). Of course there are cons, like restricted withdrawals, admin fees, and surrender fees, but it seems like a good idea for at least PART of your retirement plan. There are lots of different options and bells and whistles. Any experience with these out there?