The Role of Annuities in a Comprehensive Retirement Portfolio
May 3, 2021 by John Williams
What You Need to Know:
- The pandemic has increased the percentage of older workers who say they have retired.
- Uncertainty about the future has increased.
- Annuities can help clients shift interest rate risk.
The pandemic has given us all historical pause while causing widespread change, especially across the workforce.
A 2020 economic study uncovered information that suggests many older workers chose early retirement because of the pandemic, with 60% of people who left the labor force through early April saying they were retired, which is 7% higher than reported in January before the pandemic took hold in the U.S.