BUSINESS
Falling interest rates: Is now the time to lock into annuity plans for higher payouts?
For someone on the verge of retirement, annuities can offer a secure and predictable income stream.
BUSINESS
Why the current high interest rate scenario offers an opportunity to plan for secure retired life
When an annuity product is purchased, the rate of interest is locked in permanently. Hence, it does away with the reinvestment risk for all individuals, including senior citizens.
