The Cost Of Waiting To Buy An Annuity
February 17, 2021 by John Williams
During times of economic uncertainty, it’s common for people to be concerned about their retirement, and how options like deferred annuities can fit in. After a record year for low interest rates, there may be indecision about purchasing a fixed annuity now, or waiting until rates increase. Even in a low interest-rate environment, an annuity can be a good choice for clients. Of course, the higher the rate, the better. However, rates have been low for quite some time, and retirees may be missing the opportunity to increase their savings by waiting for a higher interest rate.