annuitize

verb
an·​nu·​i·​tize | \ ə-ˈn(y)ü-ə-ˌtīz How to pronounce annuitize (audio) \
variants: also British annuitise
annuitized also British annuitised; annuitizing also British annuitising; annuitizes also British annuitises

Definition of annuitize

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

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Other Words from annuitize

annuitization also British annuitisation \ ə-​ˌn(y)ü-​ə-​tə-​ˈzā-​shən How to pronounce annuitisation (audio) \ noun

Examples of annuitize in a Sentence

Recent Examples on the Web Most people don’t annuitize their retirement savings, even if reduces risk and means more income. Allison Schrager, Quartz, "It’s time to get over how much we hate annuities," 3 June 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'annuitize.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of annuitize

1786, in the meaning defined above

History and Etymology for annuitize

annuit(y) + -ize

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Learn More about annuitize

Time Traveler for annuitize

Time Traveler

The first known use of annuitize was in 1786

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Statistics for annuitize

Cite this Entry

“Annuitize.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/annuitize. Accessed 15 Jul. 2020.

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