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Should I invest $1 million of my retirement savings in an annuity?

9 years 9 months ago
I'm 59 years old and plan on retiring within the next year. My adviser is recommending that I invest $1 million, about 25% of my nest egg, in annuities to generate retirement income. That percentage seems high to me. Is there a rule of thumb about how big a role annuities should play in one's retirement strategy? --David
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5 minutes 12 seconds ago
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