Annuities Industry Among Beneficiaries Of Surging Interest Rates
July 19, 2022 by Edward Hayes
While there is mixed reaction to the Federal Reserve’s decision to raise interest rates by a record-breaking 75 basis points, the annuity industry is benefiting, and those that offer the products are making sure clients know about them.
Annuities are investments commonly associated with their monthly payouts. Many use these investment vehicles as a regular paycheck after their retirement. The amount of money within those payouts is tied directly to the interest rate.
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Originally Posted at Financial Advisor on July 8, 2022 by Edward Hayes.
Categories: Industry Articles