Is now the time for an annuity?

Readers of HD know I’m a big fan of a steady income stream in retirement, obsessed perhaps. You may not agree on how that can be achieved, but as interest rates have risen and likely to go higher, is now the time to consider an immediate annuity to supplement SS income or perhaps just enough to cover some key monthly bills?

With higher rates you get more for your money. MarketWatch just had an article with a chart showing how the monthly payment for a fixed annuity purchase grows with higher rates.

Not trying to debate annuities, but food for thought. To me it seems no more a risk than using savings to delay SS income in the quest for a higher benefit a few years in the future.

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