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Did Andrew make a mistake in preventing his mom from buying annuities?
Did Andrew make a mistake in preventing his mom from buying annuities?A basic annuity, with no safeguards built in, has no inflation protection. Photo by Getty Images/iStockphotoArticle contentQ. My mom is 64 years old and attended a seminar about annuities for her retirement. She was about to transfer her $300,000 in retirement savings to the sales people but I stopped her from doing that...
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