The FIDx Five: Preemptive Annuity Buying Spikes on Rate Cut Worries

Retirement, Annuity, & Fintech Insights 

Fears of looming interest rate cuts are prompting a surge in annuity sales. Discover more about this development and stick around for four of our other favorite articles in this edition of “The FIDx Five.”

Rate Speculation Drives Annuity Surge
Amid expectations of impending interest rate cuts, annuity sales are experiencing a significant increase.

Source: Life Annuity Specialist, "Annuity Sales Surge Ahead of Expected Interest Rate Cuts," 08/09/2024

Steering Investors Wrong?
A class-action lawsuit alleges that TIAA and Morningstar pushed participants into high-cost annuity products.

Source: PLANADVISER, "Lawsuit Alleges TIAA, Morningstar, Pushed Participants Into Proprietary Annuities," 08/07/2024

When Letting Go Is Beneficial
While often seen as a last resort, surrendering an annuity could offer strategic benefits under the right circumstances.

Source: ThinkAdvisor, "5 Reasons Annuity Surrenders Can Be a Good Thing," 08/07/2024

Push Back on New Protections
The insurance industry is fighting against proposed regulations--and winning.

Source: The Wall Street Journal, "The Insurance Industry Is Winning a Fight to Kill New Protections for Retirement Savers," 08/09/2024

The Crumbling Three-Legged Stool
With one leg missing, the traditional pillars of retirement—Social Security, pensions, and savings—are increasingly unstable.

Source: Morningstar, "The ‘Three-Legged Stool’ of Retirement Is Missing a Leg," 08/09/2024

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