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

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'annuitize.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.