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Author: Hawkwin Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35379  
Subject: Re: Annuities Date: 9/17/2008 10:11 AM
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I haven't dealt with annuities before but I am aware of the objections over the fees and expenses associated with them

The fees and expenses people rail against are on variable annuities, not on immediate annuities.

An immediate annuity has no on-going fees or expenses. It is not sigificantly different than a company pension or social security with regard to pay out.

Shop around and find the one that gives you the best rate (which is based on what profit the issuing company plans to make) as well as a highly rated provider.

Lastly, I would spread it around in this current market if you plan to annuitize more than $100k as each state guarantees at least that much in the case of company failure.

Lastly, you can get inflation protection on an immediate annuity but of course you will start with a lower payout.
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