Annuities = RIP off
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Absolutely. Anybody checked out the outrageous fees on annuities? Anyone who buys annuities is nuts.
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And watch financial 'advisors' who flip you in and out of similar annuity products. They get commissions and you get huge fees/penalties.
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Prediction: these laws will never pass the House, much less the Senate.
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Because they are purposely crashing the debt to force cutting back on entitlements, 401k will be needed.
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