Annuities suck! And I am not alone in believing that. None other than Ken Fisher of Fisher Investments uses this phrase in his advertisements. In this video, we take a look at a fixed income annuity illustration from TIAA, a storied insurance company. We are not trying to denigrate TIAA as almost all life insurance companies will sell you an annuity. Rather, we want you to realize that by educating yourself and choosing appropriate, prudent, long-term oriented investments, you have a 99.9% chance of clobbering any annuity that is sold to you by a life insurance agent. But remember the commissions are very generous so if you really love your insurance agent ...