Commentary: Variable Annuities: "The Fifth Best Option"Christopher Farrell
As baby boomers search for tax-sheltered ways to save for retirement and benefit from the runup of stock prices over the past few years, sales of variable annuities are flourishing. Last year, nearly $121 billion worth were sold, 10 times 1990's volume. But it's hard to make a case that variable annuities are a good buy.
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