Originally Posted by pb4uski
I wonder if the OP knows about the potential for periodic increases in the benefit since they did not mention it in the OP. I agree that all else being equal that would tilt the decision towards the annuity.
When you say that the TIAA initial quote is always higher.... do you mean the premium/cost of the annuity? and not the monthly benefit?
Sorry poorly worded. For any given starting amount to fund the annuity, TIAA always quotes a higher monthly payment than immediateannuities.com for us
. This may be because TIAA has access to our account and knows the vintages of the contracts. Older vintages yield better results (higher initial payments).