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How much do interest rates need to rise to justify deferring an annuity purchase by five years?



Our response:

Thanks for your question! First, we should let you know that we can’t give you any specific investment or financial advice. That said, we do try to help as best we can.

No one can predict how interest rates will change over time. If interest rates are high when you buy your annuity, your annuity payments will be higher than if interest rates were low. That’s because the financial institution predicts it can earn more by investing your money.

But there are other factors that can affect annuity income – the amount you deposit, your age, your gender, the length of time the payments are guaranteed and the options you add. Read these tips for choosing an annuity to see what you can do to get the best value for your investment.

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