How to choose an annuity: if carefully constructed, an annuity can be an important part of your retirement plan--but they're not right for everyone.(Money Management)

From: Black Enterprise | Date: July 1, 2004| Author: Sidime, Aissatou; McKinney, Jeffrey | Copyright information

Pathologist Arthur Bracey works in an environment of rising malpractice judgments. But he's no longer worried that an angry patient filing suit against him could take part of his near $200,000 yearly salary.

Why the peace of mind?

In June 2002, Bracey, 52, purchased The Best of America variable annuity from Nationwide Insurance Co. in Columbus, Ohio. Like many doctors, Bracey realized that just one lawsuit could radically alter his life, so he chose a variabl...

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