Rolling 401(k) Into Annuity?

Q: My wife recently got a new job, she has some money in her old employer's 401K account. We have talked to an advisor and he recommended rolling this over into a variable annunity with a guaranteed lifetime benefit. The amount will be around 80K. Would we be better moving this into a traditional IRA fund? Or why should I put this into an annuity?

A: I don't think that you should put it into an annuity. Here's a Q&A that I talk about the lifetime benefit:

Underperforming IRA

If that doesn't answer your questions let me know...

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