I recently had a call from an individual who had left his job, and he needed to roll over his 401(k). Not having a financial advisor, he relied on the referral of a neighbor on who he should work with.
Without doing any more research, he met with the advisor, and the advisor recommended that he roll over his 401(k) into an IRA annuity (note: this isn’t an actual product, just a term for buying an annuity inside an IRA).
