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Rob Black's Money Team What's the Catch with Annuities?

MEVIOtoday

Jun 14, 2011 What's the Catch with Annuities?

Hi Money Team,

 

I know I need to roll over my 401k from my job I left 3 years ago but I'm not sure what to do. The advisor at the bank wants me to put the money into an annuity that guarantees 7%. Sounds great but what's the catch?

 

Lola.Â