💨 Abstract

The article discusses the pros and cons of rolling a 401(k) into an annuity for retirement income. Annuities offer guaranteed income, safety, and protection from volatility, but they have high fees, complexity, limited liquidity, mediocre returns, no tax advantage, and extra fees compared to other investment options. Alternatives for protecting retirement funds include high-yield savings accounts, certificates of deposit, U.S.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖