Annuities are a large and long-term purchase and you can't change your mind afterwards, so they are not something to buy on on a whim after a market upset. But if you were open to considering one ...
What is an annuity rate? Buying an annuity involves converting your retirement savings into a guaranteed income. Annuity rates determine how much income you'll get. For example, if you have a pension ...
This means your purchasing power is eroded over time, so what you buy today won’t have the same value in 10-20 years. For example, if you look for a $100,000 fixed annuity payout, you’d see a ...