It’s estimated that at least one out of every three Americans has no retirement savings in place. If you don’t have access to an employer-sponsored 401(k) plan, you’ll need to be especially proactive in identifying a retirement savings solution. But where exactly should your money go? Is an IRA the right solution for you, or will you be better off with an annuity? Understanding the differences and similarities between the two can help you decide which option to pursue.