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Dinner seminars may not be good for financial health (access required)

DEAR MR. BERKO: My 67-year-old husband will retire this summer with $430,000 in his company 401(k). He was advised by a young man, whose dinner seminar we attended, to invest $330,000 of this amount in an AXA variable annuity and $100,000 in the Franklin U.S. Government Securities Fund. We must get $20,000 a year, or ...

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