What Rate Are Annuities Paying?

  1. 0 POINTS
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    David RacichPRO
    Fountain Hills, Arizona
    Today the current 5 year, fixed interest rate is around 3%. The “potential” indexed rate is around 5%. Single premium immediate annuities around 1%, but keep in mind that the older the annuitant is, the greater the mortality credit is applied to the rate for life time payouts.
     
     
    Answered on May 26, 2013
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  2. 1045 POINTS
    Karl Renwanz
    Renwanz Insurance & Financial Solutions, Carlsbad, CA
    The short answer as to what annuities are paying is "several times that of most bank CDs". There are many different types of annuities with different commitment time frames and dozens of insurance companies offering these annuity products. To give a specific number is simply not possible without knowing your individual financial needs, the length of time you're willing to commit to and whether you want an annuity for growth or to provide guaranteed lifetime income. A fairly brief conversation with an experienced retirement income planner or financial services representative who focuses on annuity products will answer this question with meaningful focus on your specific needs and situation.
    Answered on September 14, 2014
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