Annuity fees reduce IRA returns
Buying an annuity inside an IRA can duplicate tax deferral and add fees.
The average Boomer IRA balance is $257,002, which can be consumed by an annuity purchase.
With 52-week T-bills yielding 4.02% and I-bonds at 4.26%, annuity fees erase returns available risk-free inside the same IRA.