Is your annuity safe?
Is your annuity safe? October 12th, 2008 CNNMoney - Ask the Expert Retirement questions answered, October 10, 2008 5:18 pm Question: I have $100,000 in an annuity with AIG that my mom and I depend on for income to live. Should I cash it out even though I would suffer a loss, or do you think I should hold onto it? It’s so hard to know what to do. —Kitty Schwartz, Plano, Texas Answer: Most people buy an annuity at least in part because they see it as a refuge, an investment they can count even
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