Risk-averse investors dive into low-rate annuities: Stop the madness!

With the stock market having handed investors massive losses -- in spite of the recent upturn -- there was a flight to security in the first quarter of 2009.

USA Today recently reported that "Fixed annuity sales jumped 74%, to $35.6 billion, the highest ever, for the three months ended March 31, the most recent data available from insurance consulting firm Limra..."

WalletPop: Risk-averse investors dive into low-rate annuities: Stop the madness!