As if it wasn't already hard enough for mutual fund companies to attract 401(k) rollovers, investors are increasingly taking this money and putting it in annuities within IRA plans. In fact, these types of rollovers have increased 400% over the last four years.

According to a study by the Spectrem Group of Chicago, some 10 million people rolled over their 401(k) accounts from May 2003 to May 2004, amounting to $362 billion in assets. Some 16%, or $58 billion, of those assets were invested in annuities within IRAs, compared to only 4% during the same period in 2000.

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