Understanding the differences between annuities and 401(k) plans can help individuals make smarter retirement choices. Annuities provide a steady stream of income for life or a set period, ensuring financial stability, but they may come with high fees and limited access to funds. In contrast, 401(k) plans grow through employee contributions and employer matches, offering tax advantage... https://www.federalpensionadvisors.com/post/annuity-vs-401k