Retirement Annuities: A False Sense of Security

A lot of people worry about outliving their money. Commercial annuities, sold by insurance companies, promise to keep paying as long as the beneficiary lives. So it’s a good idea to buy annuities with our retirement funds, right? I don’t think so – at least not for most people, and not right now. On this point (and quite a few others), I find myself disagreeing with the Obama administration. Assistant …