> Investment not authorized?

Investment not authorized?

Posted at: 2014-12-05 
joint accounts mean joint, either person has rights to the money. I doubt you can get out of this one. you could try contacting the salesperson who sold the annuity to your wife. by the way, how old are you? and why on earth would you buy annuities when the stock market returned over 25% last year and the average return for the last fifteen years is over 8%. time to determine when these annuities pay off, it will enlighten you as to what your wife's intent was, and who is the beneficiaries of the annuity, do you know that?

You cannot.

You placed it VOLUNTARILY in a Joint Account, giving your spouse FULL LEGAL RIGHTS to do what she did...

I;m with B. Joint means joint. Sorry you didn't understand this.

Time to talk to a divorce lawyer. Sounds like fishy business. And close that account fast.

you will simply have a penalty

I suggest, without hesitation,

that you hire a biz -securities atty and

withdraw it and put it -local to you

into accounts receivable financing

and vulture capital financing

can guide you and your atty

You can't.

I inherited about $100,000 from my parents in the form of annuities.

I paid the necessary taxes on the money and placed it in the joint account shared by my wife. However, she later took all the money and invested it in more annuities because she thought it was a wise thing to do. Now, I cannot touch the money or withdraw it due to the new annuity rules.

I would like some legal advice on how I can withdraw this money without paying a penalty because I did not approve of this investment.