This is also welcome news for retirees seeking so-called “longevity insurance,” even if it’s probable that the same forces at work are also depressing stock prices. In other words, the time may be fast approaching when near-retirees and full retirees start to consider annuities.
Are fixed annuities a safe investment?
I’ve written about annuities from time to time over this low-interest journey, but it never got to the point for me to pull the trigger personally and buy life annuities. It’s generally a bad time to annuitize when interest rates are low. And it’s worse in periods of high inflation…
Open a Wealthsimple Invest account*
Investing with Wealthsimple: robo-advisor or discount brokerage?
Both Wealthsimple Invest and Wealthsimple Trade are excellent low-fee investment options. Choosing between the two services basically comes down to two factors:
How much time and effort you want to put into managing your investments…