Daily Archive: December 9, 2009

Dec
09
2009

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Is an Entire Generation Getting Ripped Off?

My mother-in-law bought a couple of variable annuities two years ago. They “guaranteed” her money, she was told. She could get stock market-like returns over time, but it was impossible for her account value to go below what she initially invested. At least that’s what the salesperson promised.  Too good to be true? That’s what I …

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