Run from that guy
Wed, 02/01/2017 - 10:36
Staff Reports
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.