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Comprehensive Review Of The Downsides Of Index Annuities

Ken Tumin
Ken Tumin   |     |   5,668 posts since 2009

This CNNMoney.com article covers many of the details of index annuities and explains why they're not a good deal. The article mentioned that a better alternative is putting 85% of the money into bank CDs and 15% into a low-cost S&P 500 index fund. And when you're ready to receive income, use an immediate annuity.