Quote:
Originally Posted by Bobnfl
I know Fidelity charges over 1%, is that too much. They have started pushing annuities more & more. Which I try to stay away from.
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Please tell us how much over 1%.
One percent is a common starting point in conversation about this topic. The more assets under management one has, the rate can be lower. And vice versa.
Local investment advisors also push annuities. Just say no if you don’t want one. But if you tell an advisor that you want a steady income and ~5% per year return does not produce enough income for your case, then expect any advisor to give you an annuity recommendation.