WDTV News Segment Beacon Wealth Management Solutions 4 Financial Independence with John T. Halterman. I worked for a company for 40 years. When I retired, I rolled my 401(k) over to a few different annuities at the bank. Every so many years, they tell me to switch to another annuity. Are they good investments or are they cheating me? Would you say it’s a good investment or a bad one?