Bob Stowe thinks every retiree should have an annuity.

To make his case, Stowe, a fee-only financial planner out of Plano, Texas, with a mass-affluent client base, points out that social security is a type of annuity. So were the corporate pensions of yesteryear. His point is that most retirees should invest a portion of their assets in an annuity, as long as the rate of return exceeds the rate at which the client is drawing down his or her savings.

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