Do Index Annuities Have High Surrender Fees?
Surrender fees for Fixed and Fixed Index Annuities can be very high and should be avoided at all costs; especially with your retirement funds. The surrender fees could be as high as 18% or more for some annuities. This would put a real dent in your nest egg if you have to pay it in the event you ever had to liquidate an annuity. Fortunately, there is a very easy way to not have to worry about surrender fees… don’t use annuities for short term...
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