re: Phone call with Fidelity rep

quote:

---

Idk what everyone is talking about. High quality single premium deferred annuities pay higher rates than CDs with slightly more risk. In an IRA they’re very straight forward. For example, you can get 5.25% for 5 years and then cash out the account back into your IRA. While you can annuitize them, you don’t have to do so. They’re not perfect, but they’re a tool works for low risk profiles.

---

Exactly, nor do they have high fees. In fact, they have zero fees. Another reason why the internet may not be the best place to get financial advice.