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I have been offered an annunity, indexed to the S&P500. If the S&P500 rises, my return is 3% less then the incerase. If the S&P500 falls, my money stays the same, no loss. The S&P500 average used as a baseline is reestablished once each year. What do the Fools think? Is this a good way to protect my retirement funds, while having the opportunity for market growth. I am 66 and semi-retired. Comments are appreciated. Doc.
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