What's the Cost of Waiting for Rates to Rise?

April 1, 2020
What Is the Cost of Waiting?

If your clients are waiting for interest rates to go up, they may be missing out

Even in a low interest-rate environment, an annuity can be a good choice for your clients. Compounded growth and tax deferral can grow their savings faster than you may think. But if clients are waiting for interest rates to go up before buying an annuity, they may be missing out.

If your client puts $50,000 into a five-year guaranteed annuity paying 2.05%, that client would be guaranteed $55,339 at the end of five years, minus any withdrawals taken.

That’s tax-deferred, compounded growth. Plus a minimum guaranteed return and flexible access to money along the way. Few taxable investments can compete with this blend of safety, growth and flexibility.

Here’s Another Way to Look at It

By waiting one year before buying an annuity, that $50,000 would have to earn 2.57% annually for four years to catch up with the annuity’s value of $55,339.

And by waiting two years before buying the annuity, that $50,000 would have to earn 3.44% annually for three years to achieve the guaranteed $55,339 had they owned the annuity all along.

An annuity from The Standard may be just the solution to meet your clients’ financial needs. We offer a variety of annuities and withdrawal options. Help them select the one that fits their lifestyle and moves them toward their financial goals.

Ask about tax-deferred compounded growth, a minimum guaranteed return and flexible access to money along the way with an annuity from The Standard.

 

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Annuities are not (a) insured by the FDIC or any federal government agency, (b) deposits of or guaranteed by any bank or credit union and (c) a provision or condition of any bank or credit union activity. Some annuities are subject to investment risk and may lose value. A surrender charge may apply during the surrender period, and a 10% penalty may apply to withdrawals prior to age 59½.

 

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