Tag

Annuities

All articles tagged with #annuities

finance1 year ago•4 min saved

"Rethinking Retirement: The Shift from Pensions to Annuities and the American Dream"

Inflation has left many Americans longing for the security of pensions in retirement, as 90% of those with 401(k) plans worry about their ability to withstand financial strains. The shift from pensions to 401(k)s has left many retirees vulnerable, especially with the recent surge in inflation. Annuities are being considered as a potential solution, offering a guaranteed income stream, but with some drawbacks. While annuities can provide stability, they may tie up funds and be complex. However, they are now allowed in defined contribution plans, offering a way to insure income streams and provide peace of mind for retirees.

via USA TODAY|

#401k #annuities #finance

finance1 year ago•0 min saved

"Maximizing Retirement Income: The Role of Annuities in Financial Security"

Annuities, an insurance product used for retirement funding, reached record sales of $385 billion last year, driving demand for corporate debt and commercial mortgage bonds. The products have become more attractive due to rising interest rates, leading to higher potential annual payouts.

via Bloomberg|

#annuities #commercial-mortgage-bonds #corporate-debt

finance1 year ago•3 min saved

"Maximizing Your Savings: Seizing the Best CD Rates Amidst Fed Rate Uncertainty"

The Federal Reserve's indication of potential interest rate cuts has prompted a rush for high-yield investment options such as bank Certificates of Deposit (CDs) and low-risk bond funds, with rates currently peaking at around 5%. However, the Fed's plans for rate cuts by May suggest that these rates may not last much longer. Additionally, lifetime annuity rates have also started to decline, indicating that lower inflation and interest rates may lead to further decreases in these rates.

via MarketWatch|

#annuities #cds #federal-reserve

retirement-planning2 years ago•4 min saved

Retirement Savings Struggles Plague Americans of All Ages

A new survey from the Alliance for Lifetime Income (ALI) reveals that more than half of Americans close to retirement or recently retired are not prepared for retirement. The retirement crisis is due to the shift from pensions to personal savings, and the fact that many Americans are at risk of running out of money in their retirement. The survey also shows that consumer demand for annuities has skyrocketed to an all-time high amid concerns about unprecedented market volatility and falling retirement investments. Annuities can be a valuable part of a diversified portfolio and may be a good choice if Social Security isn’t enough to cover basic expenses, you expect to live a long time and could potentially outlive your savings, or you want to reduce risk and protect part of your portfolio.

via Fox Business|

#annuities #diversification #retirement-crisis