Need secure retirement income? Rising interest rates have juiced annuity payouts - The Globe and Mail

Since you can’t unwind an annuities contract once you start receiving income, you should use an annuity for just part of your retirement income

Along with GICs, annuities demand a fresh look as interest rates soar. Both are minimal-risk, conservative investments that were long avoided by many people because their returns reflected persisten… [+4664 chars]

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