The 'Mambo No. 5' Guy Is Back, and He's Singing the Praises of Annuities

New York Life wants you to get checks every month, like Lou Bega

Sometimes, you make a good investment without knowing it. For a struggling songwriter named Lou Bega, it happened in 1998 when he borrowed a few riffs from a long-forgotten tune by Cuban bandleader Dámaso Pérez Prado, reworked the beat, then added some catchy lyrics. The result, as anyone who was around back then will no doubt remember, was “Mambo No. 5,” a monster hit in 1999 that eventually reached the top 10 in 26 countries, including the U.S., and notched gold, platinum or multiplatinum status in all of them.