Why annuities are not the go-to retirement answer (Money via Yahoo! Finance)

Question: I’m 57 and I think there’s a good chance I’ll be laid off this year. If that happens, I’ll have to move my 401 balance to an IRA. On the recommendation of a finance professional, many of my former co-workers have transferred their 401 savings into annuities.

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Why annuities are not the go-to retirement answer (Money via Yahoo! Finance)