Annuity fees
Unfortunately, these fees can come with hidden surprises. Some high fees include commissions by the people who sell annuities. So, these charges can soar as high as 10 percent. There are also surrender charges, which are implemented if you decide to pull out money in the first few years. These fees can range from 7 percent to 20 percent in the first year. Annuities can cost you a significant amount!
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