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Old 02-18-2008, 05:26 AM
 
Location: Tolland County- Northeastern CT
4,459 posts, read 6,388,570 times
Reputation: 1237

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Any advice or suggestions regarding annuities?

Vanguard has both fixed, immediate and variable (based on equities)
Right now I feel rather squeamish about any product based on the stock markets performance.

Vanguard has the lowest up front and administrative fees of any competitor- any other ideas from the forum appreciated.
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Old 02-18-2008, 08:38 AM
 
Location: Bayside, NY
823 posts, read 3,375,780 times
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My advice is that if you are capable of handling your own portfolio don't by an annuity. You pay a lot of money in commissions for one. If you want to buy one though, Vanguard is among the best companies you can use or deal directly with one of the secure insurance companies. Never invest more than half of your portfolio in an annuity. Don't forget an annuity is one investment you have no control over once you buy it.

Here are some web sites on the subject:

Immediate Annuities - Instant Annuity Quote Calculator.

Immediate annuities: Do-it-yourself pensions (Page 4 of 4)

Immediate Annuities in Retirement
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Old 02-18-2008, 09:46 AM
 
Location: Tolland County- Northeastern CT
4,459 posts, read 6,388,570 times
Reputation: 1237
Quote:
Originally Posted by norm View Post
My advice is that if you are capable of handling your own portfolio don't by an annuity. You pay a lot of money in commissions for one. If you want to buy one though, Vanguard is among the best companies you can use or deal directly with one of the secure insurance companies. Never invest more than half of your portfolio in an annuity. Don't forget an annuity is one investment you have no control over once you buy it.

Here are some web sites on the subject:

Immediate Annuities - Instant Annuity Quote Calculator.

Immediate annuities: Do-it-yourself pensions (Page 4 of 4)

Immediate Annuities in Retirement

Norm

thanks for your information; I am familiar with the first link- they have higher administrative costs, then Vanguard- which is probably the best.
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