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What costs are associated with income annuities?

April 26, 2017annuities associated costs income

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What costs are associated with income annuities?

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Annual annuity charge – The annual fee insurers charge for administering the contract and guaranteeing its lifetime income option.2 Fund fees – The cost of professional money management of the annuity funds and other fund expenses. Surrender Charges – The charge some annuity issuers assess for taking withdrawals in the early years of the contract. Research fees for Fidelity Freedom Lifetime Income.