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tony

6 Annuity Fees You Need To Know About

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This might help you understand fees in annuities. Fees are more than you might think and often well hidden.

https://www.forbes.com/sites/davidrae/2019/07/01/variable-annuity-fees/#28527fea7de2

 

As you read this keep in mind your teacher pension is in itself an annuity  as is social security so it might not be wise to buy annuities and instead  better to invest in  low cost index funds outside an annuity.

 
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The example in this article, "Frazzled Francine"" was paying $44,000 (4.4%) in fees on her 1 million dollar annuity every year!

This is more than a standard safe withdrawal rate.  She could literally be living a middle class lifestyle for the rest of her life, just in what she is paying in annuity fees!

 

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She could literally be living a middle class lifestyle for the rest of her life, just in what she is paying in annuity fees!

 

She probably would have been worth over two million without those fees as well. Think People!!

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