Misunderstanding #2 - "Annuities Have High Fees!"

​Annuity Truth:  At Conservative Retirement Solutions, the only annuities we offer, i.e. "Fixed Annuities," "SPIAs" (Single Premium Immediate Annuities), and "DIAs" (Deferred Income Annuities), have NO mandatory fees.  Period, end of story.

There is ONE type of Fixed Annuity, known as a Fixed Index Annuity, that does have an optional rider available, and there is an annual fee if that rider is added to the Fixed Annuity. 

The annual fee is ~ 1.0% - 1.2% for this optional rider.  Many clients want it and love it, and other clients decide they don't want it...  

And, because it's optional, it can be canceled at any time.  

Then, if the rider is canceled, the Fixed Index Annuity no longer has fees of any type.

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The confusion comes from the fact that "Variable Annuities" do have mandatory fees that can range from 2.5% per year to 4+% per year, and that's EVERY year.

I think that people hear the word "annuity" and assume all annuities are the same.  

Well, not so much...  

So, let's sum up this "Annuity Truth:"  Many Variable Annuities do tend to have high fees that are mandatory...   

As I mentioned above, we DO NOT OFFER Variable Annuities.

Fixed Annuities, SPIAs and DIAs do not have ANY mandatory fees, and only one type of Fixed Annuity - the Fixed Index Annuity - has an optional fee for a "Guaranteed Lifetime Income Rider."

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