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What is an immediate annuity? Why retirees might want to consider one right now.

Por: MarketWatch Business October 04, 2023

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Now may be a good time for retirees to buy an immediate annuity, since payouts are the highest they’ve been in a decade, says Rob Williams, managing director of wealth management at Charles Schwab . But buying an immediate annuity — also known as an income annuity or a fixed immediate annuity — is effectively irreversible, so you’ll want to choose carefully. Read: Why you might want to consider an immediate annuity One of the big risks... + full article



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