Annuity
They are a good investment for some and not for others. I opened a Prudential Annuity at age 55 with monies rolled over from my 403b account that guarantee's a 6% return regardless of the market and is insured as well in case Prudential goes belly-up. I must also leave it alone for ten years (I'll be 65 then) and then I can begin withdrawing from the account or continue to allow it to accrue. The annuities value already is 23K over the initial investment. No scam here, reputable Morgan Stanley/Smith Barney account.
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