Getting retired this year? Well, finding the best annuity rates for 2024 can be a game-changer for securing a comfortable and worry-free retirement. Annuities can be a cornerstone for your financial future, offering a steady stream of income that can last a lifetime. With the right annuity, you can alleviate the fear of outliving your savings.
But with so many options out there, how do you find the best annuity rates?
The Top 6 Best Annuity Rates
Fidelity: Best Overall
Fidelity has consistently topped the charts for providing some of the best annuity rates out there. Their commitment to customer service, transparent pricing, and a wide array of options make them a go-to for anyone looking to invest in an annuity.
However, what sets Fidelity apart is their ability to offer competitive rates across the board. This ensures that no matter what type of annuity you are looking for, you are likely to find a solid deal with them.
Allianz: Best Fixed-Indexed Annuity
When it comes to finding the best annuity rates for a fixed-indexed annuity in 2024, Allianz leads the pack. Fixed-indexed annuities are an attractive option for those who want to participate in market gains without the downside risk. Allianz offers a variety of index options and crediting strategies.
The strength of Allianz lies in its innovative products and the security it provides, making it a top choice for anyone looking for growth potential with a safety net.
New York Life: Best Variable Annuity
For those inclined towards a more hands-on approach to their retirement savings, the best annuity rates for a variable annuity in 2024 can be found with New York Life. Variable annuities allow you to invest in a range of market assets, giving you the potential for higher returns compared to fixed annuities.
New York Life stands out for its diverse investment options and strong management, offering a balance of growth potential and financial stability. With New York Life, retirees have the flexibility to adjust their investment choices, making it a premier choice for those seeking control over their retirement funds.
USAA: Best Straight Life Annuity
USAA has a long-standing reputation for providing exceptional financial products to its members, and its straight-life annuity offerings are no exception. A straight-life annuity guarantees payments for the rest of your life, offering peace of mind and financial security.
USAA’s competitive rates and trusted customer service make it an ideal choice for those looking for a reliable income stream in retirement.
American National: Best Multi-Year Guaranteed Annuity
American National takes the lead for those seeking the best annuity rates for a multi-year guaranteed annuity (MYGA) in 2024. MYGAs offer a fixed interest rate for a predetermined period, making them an excellent choice for those looking for stability in their retirement planning.
Plus, American National’s MYGAs come with competitive rates, financial strength, and a commitment to customer satisfaction. This makes them a top pick for retirees focused on preserving their capital while earning a steady return.
MassMutual: Best Term Certain Annuity
MassMutual shines when it comes to term certain annuities, offering some of the best annuity rates for 2024. A term certain annuity provides guaranteed income payments for a specified period, making it a great option for those who need a reliable income stream for a certain number of years.
However, MassMutual’s offerings are known for their flexibility and competitive rates, making it easy for retirees to find an option that aligns with their financial planning needs. Whether you are looking for a short-term boost to your retirement income or a longer-term solution, MassMutual has options that can fit your requirements.