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No. of Recommendations: 3
If you wanted to buy an immediate annuity 20 years ago, and were waiting for interest rates to rise back to historical average levels, you'd still be waiting.

?????

20 years ago, 20 yr treasuries were paying over 5%. Today it is less than 2%. Not only that, but rates were trending lower 20 years ago - and continued to go lower for the next two decades.

$2000 in monthly income in 2001 would probably cost you only 60% of what it would require today.


20 years ago was an outstanding time (best time in the last 20 years) to lock in long term rates if you were considering an immediate annuity.
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