No. of Recommendations: 1
pauleckler writes,

"Annuities in general also tend to suffer from high fees."

That is true of variable annuities and numerous other insurance products that contain complex features that make them difficult to compare.

Immediate fixed annuities are the exception. They are identical from all sources (unless you buy extra features). Just as with bond ladders, you can get quotes from multiple sources and compare them side by side. That includes from mutual fund companies like Vanguard, Fidelity, and T Rowe Price. That makes them highly competitive and allows you to select the best deal by shopping around.

Actually immediate annuities have hidden costs that can consume up to 30% of the purchase price.

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