Retirement annuities: Cash for life

Making lightweight canoes had long been a labor of love for Joel Flather, founder of Compass Canoes in Taunton, Mass. But last year, at age 66, Flather decided to sell his ten-year-old business to a larger boating company. The transition confronted Flather with one great unknown. "We never had a pension plan at my company," he says, "so funding the future became an important issue."

Read More...

[Source: Financial news of the day - CNNMoney.com]