Annuities offer guaranteed income throughout retirement, tax-deferred growth, and protection from market downturns, but come with various fees. Roland Chow, a financial planner, explains the difference between annuity fees that are worth it and those that benefit the insurance company more. Different types of annuities have varying fee structures, with some carrying multiple layers of fees. Riders, such as guaranteed lifetime income and index return multiplier, can add value to annuity contracts. While fees can impact growth, they may provide valuable protection or income potential depending on the client’s needs. Working with a licensed financial advisor is crucial in navigating annuity fees and finding the right contract.

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