Annuity rates November 2024: What are they, and current rates [Yahoo! Finance]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
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Source: Yahoo! Finance
But with other more flexible ways to withdraw funds, such as through pension drawdown, and the prospect of interest rates falling, the income provided from annuities may start to become less appealing. Here is what you need to know about annuity rates: What are annuity rates? What impacts annuity rates? The best annuity rates of November 2024 Annuity rates chart over the past 10 years Annuities were once the go-to product for retirees before pension freedom rules were introduced in 2015. From age 55, you can use the value of your pension pot to purchase a fixed income for life from dedicated providers through an annuity. Many people appreciate the financial security this provides, as you'll know how much you will receive on a regular basis and can therefore plan ahead. However, it can also be restrictive as you can only purchase an annuity once and are stuck with the rate you receive. This is unlike pension drawdown , where you can alter how much you withdraw and stay
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