No. of Recommendations: 0
rjm1 wrote,

There is alot written about annuities on these boards and most is negative.

However, Vanguard should be low cost so that is a good start.

If you want lifetime payments an annuity could be for you. However, remember inflation.

Some exposure to the market maybe good (if she and you can take the risk). Maybe a variable annuity with 25% in an index fund and the rest in bonds?

I would search the boards and remember you may be the one in a hundred that an annuity fits so don't get turned off before you do the research. Some of the posts are very good at giving the pros and cons. Sorry, don't remember what boards.


I agree with rjm1.

Annuities aren't the best choice for most people, but if you happen to be one of the few where an annuity does makes sense, Vanguard or Tiaa-Cref have the lowest fees and commissions.

intercst
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