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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??
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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.
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