Annuities vs Funds

Tricky question!

The rates and fees on financial products can be mind boggling. I recently heard an interview with a Harvard University finance professor who said that in most cases she found it completely impossible to really figure out what consumers were being charged by finance companies.

Fidelity is a large brokerage which sells annuities, mutual funds as well as other kinds of accounts.

And no matter who is selling you the annuity, the fees will vary tremendously depending on the riders and features included in the product. For example, NewRetirement recommends that retirees consider lifetime annuity products with inflation protection to seniors who have a gap between their income and expenses.

However, NewRetirement also recommends that any financial product considered by seniors be part of a holistic mix -- part of an overall financial plan for retirement that accounts for income planning, insurance needs (in particular a way to fund long term care should the need arise) as well as estate and lifestyle planning.

NewRetirement tries to identify the most reputable providers of financial services for seniors and match retirees with providers that can meet their needs.

If you would like to consult with a financial planner associated with NewRetirement, please continue with the link below:
http://www.newretirement.com/Services/Professional_Financial_Advisors.aspx