Have a question about your personal investments? No matter how simple or complex, you can ask it here.
I have been investigating annuities (interest is in SPIA type only) and it seems that every company (VANGUARD included) charges at least 2% of the annuity value being purchased upfront. Does anyone have any information on credible companies that charge less for such a product??
- Posts: 13
- Joined: Fri Nov 09, 2012 8:37 pm
There are two choices - you can buy through a company like Vanguard which tells you about the fee, or a company that does not.
In any case, what you are comparing is the periodic income you are getting which is AFTER the fee.
So the fee is immaterial. What matters is the monthly (or quarterly or annual) income that your lump sum buys.
Philly Chapter Coordinator
- Posts: 2941
- Joined: Tue Jan 05, 2010 1:11 pm
- Location: Philadelphia PA
Return to Investing - Help with Personal Investments
Who is online
Users browsing this forum: 2b2, Bengineer, Bing [Bot], John3754, Lafder, mikeski569, MoonOrb, NOVACPA, novicemoney, Rob Bertram, ruralavalon, SammyG, Sconie, Sibelius, Spirit Rider, Taylor Larimore, user5027, Ward Cleaver, Xpe and 65 guests