Run from that guy

Staff Reports's picture

Q: My husband was recently laid off, and he has $229,000 in a 401(k). He has been told that he should roll it into a hybrid annuity. Is this a good idea?

 

DR: Absolutely not! It sounds to me like he’s been talking to an insurance agent instead of an investment advisor.

There’s no reason to put a 401(k) into an annuity.

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