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

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

Word History

Etymology

annuit(y) + -ize

First Known Use

1961, in the meaning defined above

Rhymes for annuitize

• actualize
• antagonize
• apologise
• apologize
• capitalize
• categorize
• characterize
• commercialize
• conceptualize
• contrariwise
• criminalize
• decentralize