Alternatives to annuities? Plenty, say advisers

Laddered bonds, dividend-paying stocks and others can provide cash to retirees

Erin Botsford has not always been a fan of annuities.

In fact, the president of The Botsford Group — and self-professed “former anti-annuity girl” — had little interest in the insurance products until she encountered a wholesaler selling the first variable annuity with a living benefit. That was in 1999 — at the height of dot-com frenzy. “It felt like the markets were getting heated up and frothy, so I proposed the annuity to clients,” she recalled...

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