in-plan annuities

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date in-plan annuities Otis 09-01-2007
Posted by Otis on September 1, 2007, 5:28 pm According to this article: http://www.kiplinger.com/businessresource/forecast/archive/annuity_craze_070824.html "Buying an annuity inside a 401(k) is much cheaper --sometimes 50% cheaper -- than buying one outside the plan because there are no commissions to a financial planner or insurance agent." What the heck are they talking about? Surely they can't mean that an immediate in-plan annuity would produce the same payout with only half the premium of a retail annuity? Do they? Similar Threads Posted Annuities August 10, 2007, 8:14 am Variable Annuities October 12, 2006, 5:01 am annuities question(s) October 24, 2006, 8:33 am longevity annuities October 24, 2007, 10:55 am Variable annuities not so bad? October 22, 2008, 8:14 pm Re: Annuities...are they a crap shoot? March 28, 2008, 3:27 pm Re: Annuities...are they a crap shoot? March 28, 2008, 4:40 pm Re: Annuities...are they a crap shoot? March 28, 2008, 6:10 pm Re: Annuities...are they a crap shoot? March 30, 2008, 1:29 am Re: Annuities...are they a crap shoot? March 29, 2008, 4:15 pm