Experts Agree that Annuities are the BEST Retirement Investment in 2023

Here’s why:

  1. The average payouts from an immediate annuity reportedly increased by more than 11% for men and 13% for women since the beginning of 2023.
  2. “I think we’re back where we were prior to Covid,” said Branislav Nikolic, Vice President of research at CANNEX. “If interest rates go up, it’s expected annuities will pay out more.”
  3. “The trend appears even more pronounced with so-called longevity annuities, a type of deferred annuity that starts paying income later in life”.

Whether your clients are looking for income now, income later, income someday, double-digit safe returns, or any combination of these, NOTHING can beat annuities for growth, safety, and income.  And, other things are higher than we have seen in many years. Specifically; bonuses and commissions (on some annuities).  And, lastly, the variety of different types of annuities has never been bigger, which means there are more types of solutions to meet just about any imaginable client needs.

 Source:  https://www.cnbc.com/2023/05/19/climbing-interest-rates-means-good-news-for-annuity-buyers.html

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