![\"\"](\"http:\/\/www.lifeannuities.com\/blog\/wp-content\/uploads\/2011\/08\/iStock_000003573088Small1.jpg\" "\\"Annuities")
<\/a>The protracted slowdown in the US and Greece and economic European problems, are the main reason for the reduction in interest rates resulting in less income for annuity clients.<\/p>\nAn annuity changes capital in an RRSP or tax paid capital, into a guaranteed life income for the annuitant or annuitants with or without a guaranteed period.<\/p>\n
Investors are concerned about these debt problems in Europe, UK and the US and are returning to guaranteed products like GIC’s, Treasury Bonds and annuities.<\/p>\n
Will annuity rates continue to fall?<\/strong><\/p>\n It is hard to calculate what will happen to annuity rates but with US rates at zero, it is hard for Canada to raise interest rates and therefore annuity rates.<\/p>\n Retirement without an annuity<\/strong><\/p>\n It is not the time to hold-off buying an annuity.<\/p>\n 3 Reasons To get Your Annuity Now<\/strong><\/p>\n 1. Annuity rates could go lower<\/p>\n 2. Every month an annuity is deferred is a month without income<\/p>\n 3. Lost income from waiting is not guaranteed to be made up in the future.<\/p>\n You need to spend time to decide what type of annuity is the best for you and for your spouse but then you need to do it.<\/p>\n You cannot know what will happen in the financial markets or what annuity rates may be in the future.<\/p>\n Take These 3 Annuity Steps<\/strong><\/p>\n 1. Get the best possible annuity broker to shop the market for the best income.<\/p>\n 2. Make sure you are invested safely.<\/p>\n 3. Avoid any type of annuity linked to the stock market if you want your income to be guaranteed.<\/p>\n