annuitize

verb

an·nu·i·tize ə-ˈn(y)ü-ə-ˌtīz

variants also British annuitise

annuitized; annuitizing; annuitizes

transitive + intransitive

: to convert an amount of money (such as an accumulation of retirement savings) to an annuity

… the standard advice is to annuitize the portion of your nest egg you'll need to cover living expenses …—

Scott Woolley

annuitization noun

also British annuitisation

ə-ˌn(y)ü-ə-tə-ˈzā-shən

Examples of annuitize in a Sentence

Recent Examples on the Web

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Higher discount rates, typically long-term corporate bond yields, lead to lower liabilities, thus reducing the amount of money companies would pay to insurers to annuitize. —

Mark Maurer, WSJ, 22 Aug. 2021 Most people don’t annuitize their retirement savings, even if reduces risk and means more income. —

Allison Schrager, Quartz, 3 June 2019