
Here is the article:
Title: The Little-Known Trick to Lock in a Guaranteed 9% Return on Your Pension Savings – Here’s What You Need to Do
Are you aware of the little-known trick that can help you lock in a guaranteed 9% return on your pension savings? If not, don’t worry! We’re here to enlighten you and guide you through this crucial decision.
According to recent data, it’s essential to explore purchasing a fixed-rate annuity. Specifically, a five or ten-year fixed-term annuity can help you achieve this incredible 9% return on your pension savings.
But before we dive into the specifics of how this works, let’s understand what these long-dated assets are used for. According to Nick Flynn, retirement income director at Canada Life, many customers are unaware that such options even exist. This highlights the importance of being informed about your retirement planning and options.
It’s crucial to research and consult with a financial expert before investing in any annuity product. You should ensure you receive a guaranteed maturity amount, term details, and what happens on death. As Garry Wakefield notes, “at the end of the term, interest rates may be lower and so lifetime annuity rates available then will also be lower.”
In summary, this little-known trick can help you secure a 9% return on your pension savings by investing in long-dated assets like government debt, corporate bonds, commercial property, or other investment platforms that offer such guaranteed returns.
Source: www.dailymail.co.uk