nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
I have a small balance in TIAA Traditional and just did an online quote to turn it into a single lifetime annuity starting at age 63 and a payout rate of 9.45% was quoted. I've been with TIAA for over 35 years so I think I'm getting some uplift for having an old contract, but this seems amazing. More generally with interest rates higher than they've been for a while are people looking at annuities again and thinking of locking in the rates with at least some of their DC accumulations?