No. of Recommendations: 2
Dan,

I ran my own demographics through their website and through Fidelity's by way of comparison. (Vanguard used to have an online calculator, and their numbers were similar to Fido's. Thus, Fido could be used as a proxy for VG).

Immediate would offer me 8.4%. Fido, 7.44%. But whether an investor should do business with anyone offering annuities (Immediate, Fidelity, Vanguard, etc.) would depend on doing a lot of due diligence, both on the financial soundness of the issuer, as well as on what was really being achieved by buying the annuity, the bulk of whose returns in nothing more than return of principal.

In other words, the would-be investor would have to compare what could be achieved through "self-annutization" versus buying a commercial product. It's been a while since I've run the numbers, so I don't remember my conclusions.

Charlie
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