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TRX Retiree questions Fidelity advisor's annuity recommendation
A retired Reddit user describes a Fidelity advisor recommending a fixed single premium annuity for 20 percent of assets, and questions whether the payout is just returning his own money.
Why “Rumor”
- Only community or trader posts: r/investing
0 independent source groups across 1 posts · evidence score 9/100. How labels work
What the sources claim
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A Fidelity advisor told the poster he had a spending gap and suggested putting 20 percent of assets in a fixed single premium annuity.
“he told me I had a "spending gap" and suggested I put 20 percent of my assets in an annuity (fixed single premium)”
r/investing -
The annuity claimed to have a return of around 9 percent.
“The annuity claimed to have a "return" of around 9 percent.”
r/investing -
The poster says the payout reduces the cash value each year, so he would not be growing his assets.
“I wouldn't be growing my assets, since the payout reduces the cash value each year”
r/investing -
The poster says the payout is essentially double the value over 20 years, but compound interest at 4 percent gives around the same result.
“the payout is essentially double the value over 20 years, but if I calculate compound interest at 4 percent I get around the same result”
r/investing
Sources
Summary and claims extracted by deepseek/deepseek-flash with prompt analyze-story@3 on 2026-09-30 09:30 UTC. Labels are computed from the sources, not by the model.