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BERKO: Watch for hidden costs in equity-indexed annuity (access required)

DEAR MR. BERKO: I have a large certificate of deposit coming due next month, which I could renew at less than 1 percent. When I told the banker that I'd like a higher rate of return, I was introduced to a specialist who aggressively tried to sell an equity-indexed annuity. He said that it guarantees ...

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