: Because insurance companies factor in shorter life expectancies, they offer higher monthly payments to a 70-year-old than to a 60-year-old.
The math behind annuities changes as you get older, often in your favor. buying an annuity at 70
: Think of this as the annuity version of a CD. You lock in a high fixed rate (currently up to 5.60% for 5-year terms) with zero market risk. : Because insurance companies factor in shorter life
Is 70 the "Golden Age" for Annuities? What You Need to Know If you’ve just hit the big 7-0, you might be looking at your retirement accounts and wondering: Is my money going to last as long as I do? buying an annuity at 70