Annuity firms have been attempting to win over extra wealth managers and impartial funding advisors for years. They’ve lowered contract bills, constructed new forms of annuities to deal with frequent retirement planning dangers, and created fee-based variations of conventional commissioned annuities.
Now, annuities look higher than ever after rising rates of interest boosted payouts and ensures. 5-year mounted annuities are paying as much as 5.4%, as an illustration, topping yields on certificates of deposit and Treasuries.
However…