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Author: SirTas Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Re: New Retirees, need strategy Date: 8/8/2008 6:18 PM
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I agree with Watty56:

DO NOT BUY AN ANNUNITY!!!!!!! These are almost always a terribly bad investment that pay the sales person a high commission (possibly hidden), they have high fees and will likely under perform the market. In addition to being expensive, these are some of the most complex investments most people will ever hear about.

Don't buy an annuity. One problem is that the salespeople for these things make them sound good. "You get money! You can't lose! Blah, blah, blah." Don't fall for it.

--SirTas
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