Lifetime Income Annuities Are Paying More

July 25, 2023 by Ken Nuss

Lifetime income annuities now pay more than they have in years. With interest rates up, insurers can invest annuity payments in higher-yielding bonds and thus offer much more generous lifetime payouts.

This has gotten little media attention. While it’s easy to find rates on certificates of deposit, bonds, fixed-rate annuities and money-market accounts, income annuities don’t carry an interest rate. But they do yield significantly more guaranteed income now than they did back in the era of very low interest rates.

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Originally Posted at The Street on July 24, 2023 by Ken Nuss.