Annuity Fees Eat Into IRA Returns

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%, annu

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.

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