Dear Olga: Annuities. What are they?
Dear Olga, My retirement savings are in annuities and I'm wondering if I should keep them there. Ray Dear Ray, Before deciding what to do with your retirement savings, first it's important to understand what annuities are and their benefits. An annuity is a sum of money guaranteed to be paid out periodically to an individual over a span of time. Most financial advisors view annuities as supplemental savings for retirement, especially if you max out your 401k or IRA contributi