Need More Income in Retirement? Buy an Annuity Before Interest Rates Drop.
September 3, 2024 by Neal Templin
If you are thinking of buying an income annuity in the next year or two, now is a good time to pull the trigger.
Payouts surged for annuities in late 2022 as the Federal Reserve clamped down on rampant inflation, sending interest rates soaring.
Now, as the Fed signals it is ready to begin chopping rates, annuity payouts are starting to edge down. If the Fed makes several rate cuts over the coming months—as markets expect—annuity payouts are likely to decline further.
Originally Posted at Barron's on September 3, 2024 by Neal Templin.
Categories: Industry Articles
