Annuity Rates Surge: Secure Retirement Income
Update: 2025-11-17
Description
Pension annuities are gaining traction, with lifetime rates surging to a decade-high of 7.72% in May. This fixed income for life offers security amidst market volatility, but its essential to consider the potential drawbacks, such as the lack of flexibility and the risk of lower future rates. Annuities convert savings into a guaranteed income stream, enhancing financial security. However, rates vary based on factors like age and health, so its crucial to shop around for the best deal.
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