Interest rate hikes may not be welcomed by everyone, but current retirees and those nearing retirement can benefit as rates go up. If a portion of your income is derived from fixed income investments, those yields will likely rise. Additionally, you may be particularly happy if your cashflow plan includes annuity payments. John Walker and Ryan Flurer with the Cordasco team at Mercer Advisors explain.
Listening Time: 19 minutes
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Cordasco Financial Network is a tradename. All services provided by Cordasco Financial Network investment professionals are provided in their individual capacities as investment adviser representatives of Mercer Global Advisors Inc. (“Mercer Advisors”),an SEC-registered investment adviser principally located in Denver, Colorado, with various branch offices throughout the United States doing business under different tradenames, including Cordasco Financial Network.
Annuities contain certain fees, risks, limitations and restrictions; an annuity’s guarantee is subject to the claims-paying ability of the issuing insurance company.