The recent post on annuities reminded me… with rising interest rates, this month may be the last for a long time to capture a larger retirement lump sum verses annuity given how the issuers are required to calculate same…it will definitely change for next and the out years! Go figure before it’s too late!
It also points out that for those who want the security of a monthly check, some are taking their lump sum payout (before their pension management firm reduces it), and quickly buying an immediate annuity in the marketplace. Apparently annuities are already reflecting the new rate realities, while pension systems often take longer to do so.