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Can a 7% Annuity Outperform an 8% Annuity?

Thursday, September 18th, 2014 and is filed under Annuity News, Retirement Income Annuities

Albert Einstein on Compound InterestIt may sound like a trick question, but the answer is simple.

An account earning 8% simple interest earns less over time than an account earning 7% compound interest. A popular hybrid annuity advertises an 8% minimum guaranteed simple interest rate, but the savvy consumer will recognize the better value lies in another strategy with a 7% compounded minimum interest rate. Read More