Dear Harry: I wanted to buy an index fund for cash in my IRA, but it was suggested that I buy an index annuity instead. Which is better for a 50-year-old widower with no responsibility for children?

Dear Harry: I wanted to buy an index fund for cash in my IRA, but it was suggested that I buy an index annuity instead. Which is better for a 50-year-old widower with no responsibility for children?