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The Boston Globe

Business

Finance

Fitting annuities into a retirement plan

Though controversial, these products have a place in retirement

Retirement planning involves a lot of options and a lot of uncertainty. One of the most important questions facing those heading into of retirement is also one of the hardest: How long will my retirement income need to last?

As life expectancy continues to climb and traditional pension plans give way to 401(k)s and IRAs, longevity has become a pressing issue for those planning their retirements. And annuities, carefully chosen, can offer a possible solution.

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