Imagine 5 Years from now. Markets are shifting, rates have dropped, and you're sittingpretty with an annuity you locked in at today's rates. Futres- You is kicking back, sipping something fancy, and wondering why anyone would have waited. The best part is this... If Interest rates go up further, then you refinance AGAIN to snap up that rate when it comes. But if you wait and they drop, you'll miss out on this forever.
You refinance your Mortgage, Why not your Annuity? Would you keep a mortgage with a 7% rate if you could refinance to a 4% of course not. Annuities work the same way - If there's a better deal out there, why not grab it!
Think of your Annuity like a phone plan. What was a good deal 5 years ago might be outdated today. Why stay locked into an old contract when better options are available. Switching phone plans even when the contact isn't up, is totally possible and you will still make out better or we won't change out the annuity.
Think of your Annuity like a phone plan. What was a good deal 5 years ago might be outdated today. Why stay locked into an old contract when better options are available. Switching phone plans even when the contact isn't up, is totally possible and you will still make out better or we won't change out the annuity.
The Latchkey Legend
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