The case for annuities
Canadians looking for stable retirement income should consider annuities again now that interest rates are higher.
An annuity is an investment product that provides a guaranteed income stream for life or a set period, in exchange for a lump sum or periodic payments. With higher interest rates, annuities can provide better payouts, making them an attractive option for retirees who want to secure their financial future.The past few years have been tough for annuity buyers, as interest rates have been at historic lows. This meant that annuity payouts were lower, making them less appealing as a […]
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