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Annuities as an alternative to shaky markets? Be wary

What attracts Mr Skoro and Ms Rezac to the annuity is the steady income as they have been advised the stock market may implode over the next few years. Still, they are uncertain about taking the plunge.

New York

CHECKED your retirement savings plan lately? January's global stockmarket plunge is one of those moments that stoke fear among baby boomers that they might run out of money before they run out of years.

The fear is understandable: Older Americans are living longer. A man...