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Boomers Turn to Annuities, Leaving Nothing for Kids

By Kevin Spak,  Newser Staff

Posted Jul 11, 2009 11:56 AM CDT

(Newser) – Now that the financial crisis has destroyed so many nest eggs, many soon-to-be retirees are buying annuities and leaving their kids to fend for themselves, the Wall Street Journal reports. Annuities turn a lump-sum payment into a guaranteed income for life. That’ll provide more...   Read full story »

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