05/19/2015 09:58 am ET

How To Avoid The Top Retirement Scam


The most prevalent swindle in retirement isn’t necessarily a bad product. It’s how much you pay for it.

I’m talking about annuities, which are vehicles you buy from an insurer that will guarantee you monthly payments for life.

Like everything else in financial services, you can overpay for them, which means less money for retirement. Broker/agents are compensated handsomely for selling them, although customers may not know it.

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