[disneysteve]

Thanks for posting this. So many people get ripped off on annuities. An annuity doesn't belong in a tax-deferred account since it is already tax-sheltered, but it happens all the time.

Annuities tend to have high expenses and commissions.

That said, annuities are growing in popularity as more and more folks reach retirement age with inadequate savings. By purchasing an annuity, they can at least guarantee a lifetime income that will never run out. So the field is growing, which means consumers need to be even more careful and educate themselves before investing.