‘Silver Wave’ Isn’t the Only Factor Boosting Annuities

August 14, 2024 by John Manganaro

The record “silver wave” of people turning 65 this year has created a significant tailwind for annuities, according to Principal’s Sri Reddy, but that’s not the only factor driving annuity sales figures higher.

Individual investors have shown record interest in annuities since the start of 2022, according to Reddy, who serves as a senior vice president for retirement and income solutions at Principal. The outlook for annuity sales remains vibrant thanks to increasingly widespread interest in guaranteed retirement income.

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Originally Posted at Think Advisor on August 8, 2024 by John Manganaro.