Postponing retirement can boost annuity payouts, experts say

02/25/2013 | AdvisorOne

Postponing retirement for as little as a year can offset lower annuity payouts as low interest rates persist, write William Byrnes and Robert Bloink. Retirees who work for an extra year can see an additional 9% in annuity payments, according to a study by the Society of Actuaries. Annuity holders who wait five more years to retire can see a 50% increase on average in their payouts, Byrnes and Bloink write.

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