Vanguard's New Online Immediate-Annuity Service

Immediate annuities turn a lump sum of money into a lifetime stream of income, and they can make sense for certain people. This Wall Street Journal article has a review of the new service at Vanguard which is designed to make it easier to shop for immediate annuities. Unfortunately, it's only accessible to Vanguard customers. The article also mentioned other websites that can be used to shop for annuities:

• Fidelity Fixed Income Annuities
• ImmediateAnnuities.com
• Berkshire Hathaway Group BRKDirect.com