Annuity buyers saw a surge in payouts in 2022 and 2023 because of persistent Federal Reserve interest rate hikes. Now, after two years of cuts, economists believe rates could be back on the rise later this year owing to inflationary pressures stemming from the Iran war.
These shifting dynamics highlight why it's essential to reevaluate older annuities — helping ensure your clients continue to maximize their retirement income potential, no matter how the market evolves.
