Tim Bieber | Photodisc | Getty Images Amid stock market gyrations, recession fears and loftier payouts, consumers last year pumped a record sum of money into annuities, a type of insurance that offers...
Tag: Lee Baker
2022 was the worst-ever year for U.S. bonds. How to position for 2023
Traders at the New York Stock Exchange on Dec. 21, 2022. Michael M. Santiago | Getty Images News | Getty Images The bond market suffered a significant meltdown in 2022. Bonds are generally thought to ...
‘Ugly times’ are pushing record annuity sales. What buyers should know
Izusek | E+ | Getty Images Consumers are funneling money into annuities as the stock market tanks and higher interest rates raise payouts for buyers. Annuity sales in the third quarter of 2022 approac...
Why the stock market hates the idea of rising interest rates
Traders work on the floor of the New York Stock Exchange at the opening bell Jan. 25, 2022. TIMOTHY A. CLARY | AFP | Getty Images The specter of rising interest rates is spooking the stock market. The...