Just how much effect do interest rates have on generating retirement revenue streams from lifetime savings?
Two recent data sets for two unrelated sources of retirement income relate how a recent uptick in interest rates has significantly affected annuitized benefits.
That has yielded some good news for the country's sponsors of defined benefit plans, as well as for pre-retirees looking to guarantee income in retirement via deferred annuities.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
