Meaning & use
annuitize
Last updated
To convert a lump sum of money, such as retirement savings, into a series of regular periodic payments, typically for life.
See it in a sentence
At retirement, she chose to annuitize part of her savings to guarantee a monthly income.
Financial advisers often discuss when it makes sense to annuitize versus keeping funds invested.
A note on using this word
A specialized financial term built from 'annuity,' the fixed sum paid to someone each year, typically as part of a retirement or insurance plan.
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