Many investors who put their savings into stocks were losing sleep as the value of their nest eggs plummeted together with the stock market in the past twelve months. But those investors who had been skeptical of the unsustainably high returns on equities and instead invested in annuities could sleep well. Variable annuities offer a guaranteed payout, and their holders therefore do not suffer from market downturns. The safe nature of annuities makes Leslie Scism of The Wall Street Journal conclude that, “annuities have turned out to be among the best investments of the past decade.”
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