Interest Rates Are Up. So Is It Time To Buy Annuities?
March 7, 2023 by Ben Mattlin
In February, the Federal Reserve raised interest rates for the eighth time in the preceding 12 months—and indicated that more rate hikes may be coming.
Consequently, six-month Treasury bonds were yielding slightly less than 5%, while 10-year Treasurys were just under 3.5%. But it was fixed annuities that had some clients and advisors excited.
Click HERE to read the full story via Financial Advisor Magazine
Wink’s Note:
I have to give Ben Mattlin at Financial Advisor Magazine credit for his sources on this one! I’ve never seen SO MANY people quoted in such a short article!!
(And I thought I knew a lot of people in this business!?!)
Contributions on this valuable annuity piece came from:
– Tim Rembowski from DPL Financial Partners;
– Ara Diloyan, AIF®,CFP®,CLU®,RICP® with SENTINEL BENEFITS GROUP, INC;
– My friend Todd Giesing from LIMRA;
– My buddy Frank O’Connor with Insured Retirement Institute (IRI);
– My pal David Blanchett from PGIM;
– Kalem Mackey at C2P Enterprises;
– My friend Wade Pfau with McLean Asset Management;
– My buddy Brian Sward, CFA, CAIA with Jackson;
– Scott Gaul with Prudential Financial;
– David Hanzlik at CUNA Mutual Group;
– My buddy Corey Walther with Allianz Life;
– Jared Nepa, CFS® at Lincoln Financial Distributors;
– David Porro at Summit Risk Management;
– Richard Anzelone with StrategicPoint Investment Advisors;
– Karl A. Wagner, III at Biondo Investment Advisors, LLC*;
– Robert Steinberg, JD, CPA, CFP® with Blue Chip Partners;
***GASP for air***
AND
– My buddy Michael Finke at The American College of Financial Services.
What did these 17 people have to say in this juicy little article?
Essentially: Today’s annuities can be an attractive option for risk mitigation.
Check it out. -sjm
