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Ken Wrench |
Breaking free from annuities
A traditional annuity may be a good choice for those whose top priority is to generate a guaranteed income until death with minimal hassle. But what about the growing numbers who don’t fit into that pigeonhole?
These people tend to have two main criticisms. They only get the iron-clad income guarantee by agreeing to give up all control over the investments and income, and once in, they cannot escape, even if better opportunities come up later on.