Why Your Annuity Trumpet Should Get Louder As Interest Rates Decrease
September 14, 2021 by Charlie Gipple
I know the title of this column seems contrary to what you would think but hear me out as I discuss the “relativity game” that annuities play and play very well. You may be thinking that this is yet another conversation about how annuities usually pay more than other “interest bearing” products like CDs, but this is not. Most of us know that the average five-year CD rate in the US is around 30 basis points today.* Conversely, you can get a five-year guaranteed annuity for close to three percent. Need I say more?