May 16, 2023
In the current interest rate environment, exchanging an old annuity for a new one may be a wise move, according to some experts. But there are caveats and exceptions.
As a strategy, annuity swapping “can make a lot of sense right now,” said David Lau, founder and CEO of DPL Financial Partners, an RIA consultant network in Louisville, Ky., that specializes in low-cost, commission-free annuities. “But care needs to be taken to review individual situations.”