--- title: "Meaning & Key Takeaway of: People who are retiring now are finding…" description: "\"“People who are retiring now are finding that annuity rates have been squashed by QE, and that they will get a smaller pension than they expected. Reti..." image: "https://sms4smile.com/quotes/i/ada/david-craig-23078_quote_people-who-are-retiring-now-are-finding_1553223.jpg" --- # People who are retiring now are finding that annuity rates… ![“People who are retiring now are finding that annuity rates have been squashed by QE, and that they will get a smaller pension than they expected. Retirees who get locked into a weak annuity will find that the Bank’s money printing leaves them out of pocket for the rest of their lives.134” quote by David Craig](https://sms4smile.com/quotes/i/ada/david-craig-23078_quote_people-who-are-retiring-now-are-finding_1553223.jpg) [Download](https://sms4smile.com/quotes/i/ada/david-craig-23078_quote_people-who-are-retiring-now-are-finding_1553223.jpg) [Open image](https://sms4smile.com/quotes/i/ada/david-craig-23078_quote_people-who-are-retiring-now-are-finding_1553223.jpg) > ““People who are retiring now are finding that annuity rates have been squashed by QE, and that they will get a smaller pension than they expected. Retirees who get locked into a weak annuity will find that the Bank’s money printing leaves them out of pocket for the rest of their lives.134”” [David Craig](https://sms4smile.com/quotes/author/david-craig/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic policy of QE lowers annuity rates, causing retirees to receive less than expected and risk long‑term financial shortfall. **In simple terms:** QE reduces annuity payouts, hurting retirees. Key Takeaway Plan for diversified retirement income. Themes retirement finance policy inflation risk Mood concerned cautious Type advisory analytical When to use this quote - pension planning - financial advice - investment strategy - longevity risk Key Concepts annuity monetary policy financial planning Questions to Reflect On - How can retirees protect against low annuity rates? - What alternative income streams can be built? A Different Perspective Annuities may still be useful if paired with other assets. ★ ★ ★ ★ ★ No ratings yet [Retirees](https://sms4smile.com/quotes/about/retirees/) ## Related quotes > [A small pay discrepancy between men's and women's salaries for the same job may seem inconsequential. But over the years, salary discrimination adds up…](https://sms4smile.com/quotes/madeleine-m-kunin/a-small-pay-discrepancy-between-men-s-and-women-s-salaries-for-the/) [Madeleine M. Kunin](https://sms4smile.com/quotes/author/madeleine-m-kunin/) > [“Life is a process during which one initially gets less and less dependent, independent, and then more and more dependent.”](https://sms4smile.com/quotes/mokokoma-mokhonoana/life-is-a-process-during-which-one-initially-gets-less-and-less/) [Mokokoma Mokhonoana](https://sms4smile.com/quotes/author/mokokoma-mokhonoana/) > [“in 1950 there were 14 retired persons for every 100 workers in the United States. This ratio rose to 28 retirees per 100 workers…](https://sms4smile.com/quotes/jeremy-j-siegel/in-1950-there-were-14-retired-persons-for-every-100-workers-in-the/) [Jeremy J. Siegel](https://sms4smile.com/quotes/author/jeremy-j-siegel/) > [As the graying of the country continues its march forward, many retirees are now relocating to dense urban centers for the cultural and social…](https://sms4smile.com/quotes/chuck-norris/as-the-graying-of-the-country-continues-its-march-forward-many/) [Chuck Norris](https://sms4smile.com/quotes/author/chuck-norris/) > [“My mother holds these markers all over town; people who owe her a favour. It might be a peek into planning documents, or preferential…](https://sms4smile.com/quotes/i-m-millennial/my-mother-holds-these-markers-all-over-town-people-who-owe-her-a/) [I.M. Millennial](https://sms4smile.com/quotes/author/i-m-millennial/) > [My neighbors aren't millionaires. They're retirees who depend on Social Security and Medicare.](https://sms4smile.com/quotes/marco-rubio/my-neighbors-aren-t-millionaires-they-re-retirees-who-depend-on/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [Americans have got to understand that we are paying present-day retirees with the taxes paid by young workers in America today. And that's a…](https://sms4smile.com/quotes/john-mccain/americans-have-got-to-understand-that-we-are-paying-present-day/) [John McCain](https://sms4smile.com/quotes/author/john-mccain/) > [Today there are about 40 million retirees receiving benefits; by the time all the baby boomers have retired, there will be more than 72…](https://sms4smile.com/quotes/tony-snow/today-there-are-about-40-million-retirees-receiving-benefits-by-the/) [Tony Snow](https://sms4smile.com/quotes/author/tony-snow/) > [“As we hit November, the cold weather sets in and the first few snowfalls arrive. It’s the beginning of the festive season. At least…](https://sms4smile.com/quotes/i-m-millennial/as-we-hit-november-the-cold-weather-sets-in-and-the-first-few/) [I.M. Millennial](https://sms4smile.com/quotes/author/i-m-millennial/) > [It's usually much easier for people with professional skills to find work for themselves or even possibly to continue with their old employer, but…](https://sms4smile.com/quotes/hedrick-smith/it-s-usually-much-easier-for-people-with-professional-skills-to-find/) [Hedrick Smith](https://sms4smile.com/quotes/author/hedrick-smith/) > [I think taxpayers should be outraged that retirees and administrators are walking away with thousands in accrued benefits and bonuses.](https://sms4smile.com/quotes/kathy-szeliga/i-think-taxpayers-should-be-outraged-that-retirees-and-administrators/) [Kathy Szeliga](https://sms4smile.com/quotes/author/kathy-szeliga/) > [The United Auto Workers is AARP in an Edsel: It has three times as many retirees and widows as 'workers' (I use the term…](https://sms4smile.com/quotes/mark-steyn/the-united-auto-workers-is-aarp-in-an-edsel-it-has-three-times-as/) [Mark Steyn](https://sms4smile.com/quotes/author/mark-steyn/) > [No one is talking about restructuring Social Security or Medicare for current retirees or for those that are near retirement. For those under 55,…](https://sms4smile.com/quotes/mitt-romney/no-one-is-talking-about-restructuring-social-security-or-medicare-for/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [Less money for retirees means less purchasing power means less economic growth overall. It's a big problem.](https://sms4smile.com/quotes/hedrick-smith/less-money-for-retirees-means-less-purchasing-power-means-less/) [Hedrick Smith](https://sms4smile.com/quotes/author/hedrick-smith/) > [Every city and town in America would be bankrupt if they kept their books the way private-sector companies keep their books - because of…](https://sms4smile.com/quotes/clayton-m-christensen/every-city-and-town-in-america-would-be-bankrupt-if-they-kept-their/) [Clayton M. Christensen](https://sms4smile.com/quotes/author/clayton-m-christensen/) ## More by David Craig > [“In my opinion, a lie is a physical act, verbal statement, or omission, deliberately designed to deceive another of the truth.”](https://sms4smile.com/quotes/david-craig/in-my-opinion-a-lie-is-a-physical-act-verbal-statement-or-omission/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“But the alternative is the return to power of Labour. This is the party which did more than any other to wreck Britain with…](https://sms4smile.com/quotes/david-craig/but-the-alternative-is-the-return-to-power-of-labour-this-is-the/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“So, while it’s clearly in the interests of your pension provider and financial adviser to get hold of your money as soon as they…](https://sms4smile.com/quotes/david-craig/so-while-it-s-clearly-in-the-interests-of-your-pension-provider-and/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“So the lesson is – ‘only bank with your bank’. Only let your high-street bank run your current account. If you do any other…](https://sms4smile.com/quotes/david-craig/so-the-lesson-is-only-bank-with-your-bank-only-let-your-high-street/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“it is true that the recession has been made much worse by Downing Street since the Coalition took office. But what was actually needed…](https://sms4smile.com/quotes/david-craig/it-is-true-that-the-recession-has-been-made-much-worse-by-downing/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“These bills include hundreds of thousands of economic migrants who, after years in the UK, probably still can’t believe that British taxpayers are stupid…](https://sms4smile.com/quotes/david-craig/these-bills-include-hundreds-of-thousands-of-economic-migrants-who/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“It could be argued that Parliament is an agency of the EU and therefore the theft of our money by our MPs is a…](https://sms4smile.com/quotes/david-craig/it-could-be-argued-that-parliament-is-an-agency-of-the-eu-and/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“Oliver Cromwell is credited with having given the following speech when he dissolved Parliament on 20th April 1653: It is high time for me…](https://sms4smile.com/quotes/david-craig/oliver-cromwell-is-credited-with-having-given-the-following-speech/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“have tried to show the scale of the problem and suggest some actions our Government should take to help us out of our current…](https://sms4smile.com/quotes/david-craig/have-tried-to-show-the-scale-of-the-problem-and-suggest-some-actions/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“only way we can defend the rights and interests of the majority against the greed, arrogance, waste and incompetence of the small ruling elite…](https://sms4smile.com/quotes/david-craig/only-way-we-can-defend-the-rights-and-interests-of-the-majority/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“But if you’d waited before buying an annuity and suddenly go to that great spaceship in the sky before handing over your cash, then…](https://sms4smile.com/quotes/david-craig/but-if-you-d-waited-before-buying-an-annuity-and-suddenly-go-to-that/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“by removing the 10p band on non-savings income’. Here, what looked like a simplification of the tax system was in fact the abolition of…](https://sms4smile.com/quotes/david-craig/by-removing-the-10p-band-on-non-savings-income-here-what-looked-like/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“Another hidden danger with ‘switch and get rich’ is that older pensions might have guaranteed bonuses or annuity rate guarantees hidden away in the…](https://sms4smile.com/quotes/david-craig/another-hidden-danger-with-switch-and-get-rich-is-that-older-pensions/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“Thanks to Blair’s catastrophically invertebrate decision to agree to a cut in Britain’s EU budget rebate, we now pay far too much into the…](https://sms4smile.com/quotes/david-craig/thanks-to-blair-s-catastrophically-invertebrate-decision-to-agree-to/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) > [“at least to wait until your failing health qualifies you for an enhanced annuity.”](https://sms4smile.com/quotes/david-craig/at-least-to-wait-until-your-failing-health-qualifies-you-for-an/) [David Craig](https://sms4smile.com/quotes/author/david-craig/) [Explore all 24 David Craig quotes ](https://sms4smile.com/quotes/author/david-craig/) ## More Retirees quotes > [Every city and town in America would be bankrupt if they kept their books the way private-sector companies keep their books - because of…](https://sms4smile.com/quotes/clayton-m-christensen/every-city-and-town-in-america-would-be-bankrupt-if-they-kept-their/) [Clayton M. Christensen](https://sms4smile.com/quotes/author/clayton-m-christensen/) > [Less money for retirees means less purchasing power means less economic growth overall. It's a big problem.](https://sms4smile.com/quotes/hedrick-smith/less-money-for-retirees-means-less-purchasing-power-means-less/) [Hedrick Smith](https://sms4smile.com/quotes/author/hedrick-smith/) > [No one is talking about restructuring Social Security or Medicare for current retirees or for those that are near retirement. For those under 55,…](https://sms4smile.com/quotes/mitt-romney/no-one-is-talking-about-restructuring-social-security-or-medicare-for/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [The United Auto Workers is AARP in an Edsel: It has three times as many retirees and widows as 'workers' (I use the term…](https://sms4smile.com/quotes/mark-steyn/the-united-auto-workers-is-aarp-in-an-edsel-it-has-three-times-as/) [Mark Steyn](https://sms4smile.com/quotes/author/mark-steyn/) > [I think taxpayers should be outraged that retirees and administrators are walking away with thousands in accrued benefits and bonuses.](https://sms4smile.com/quotes/kathy-szeliga/i-think-taxpayers-should-be-outraged-that-retirees-and-administrators/) [Kathy Szeliga](https://sms4smile.com/quotes/author/kathy-szeliga/) > [It's usually much easier for people with professional skills to find work for themselves or even possibly to continue with their old employer, but…](https://sms4smile.com/quotes/hedrick-smith/it-s-usually-much-easier-for-people-with-professional-skills-to-find/) [Hedrick Smith](https://sms4smile.com/quotes/author/hedrick-smith/) > [“As we hit November, the cold weather sets in and the first few snowfalls arrive. It’s the beginning of the festive season. At least…](https://sms4smile.com/quotes/i-m-millennial/as-we-hit-november-the-cold-weather-sets-in-and-the-first-few/) [I.M. Millennial](https://sms4smile.com/quotes/author/i-m-millennial/) > [Today there are about 40 million retirees receiving benefits; by the time all the baby boomers have retired, there will be more than 72…](https://sms4smile.com/quotes/tony-snow/today-there-are-about-40-million-retirees-receiving-benefits-by-the/) [Tony Snow](https://sms4smile.com/quotes/author/tony-snow/) > [Americans have got to understand that we are paying present-day retirees with the taxes paid by young workers in America today. And that's a…](https://sms4smile.com/quotes/john-mccain/americans-have-got-to-understand-that-we-are-paying-present-day/) [John McCain](https://sms4smile.com/quotes/author/john-mccain/) > [My neighbors aren't millionaires. They're retirees who depend on Social Security and Medicare.](https://sms4smile.com/quotes/marco-rubio/my-neighbors-aren-t-millionaires-they-re-retirees-who-depend-on/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [“My mother holds these markers all over town; people who owe her a favour. It might be a peek into planning documents, or preferential…](https://sms4smile.com/quotes/i-m-millennial/my-mother-holds-these-markers-all-over-town-people-who-owe-her-a/) [I.M. Millennial](https://sms4smile.com/quotes/author/i-m-millennial/) > [As the graying of the country continues its march forward, many retirees are now relocating to dense urban centers for the cultural and social…](https://sms4smile.com/quotes/chuck-norris/as-the-graying-of-the-country-continues-its-march-forward-many/) [Chuck Norris](https://sms4smile.com/quotes/author/chuck-norris/) > [“in 1950 there were 14 retired persons for every 100 workers in the United States. This ratio rose to 28 retirees per 100 workers…](https://sms4smile.com/quotes/jeremy-j-siegel/in-1950-there-were-14-retired-persons-for-every-100-workers-in-the/) [Jeremy J. Siegel](https://sms4smile.com/quotes/author/jeremy-j-siegel/) > [“Life is a process during which one initially gets less and less dependent, independent, and then more and more dependent.”](https://sms4smile.com/quotes/mokokoma-mokhonoana/life-is-a-process-during-which-one-initially-gets-less-and-less/) [Mokokoma Mokhonoana](https://sms4smile.com/quotes/author/mokokoma-mokhonoana/) > [“They look so relaxed, so happily engaged in the present moment, these four women drinking cappuccinos and savoring the creamy cannolis.”](https://sms4smile.com/quotes/sophia-bar-lev/they-look-so-relaxed-so-happily-engaged-in-the-present-moment-these/) Sophia Bar-Lev [Browse all 19 Retirees quotes ](https://sms4smile.com/quotes/about/retirees/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“People who are retiring now are finding that annuity rates have been squashed by QE, and that they will get a smaller pension than they expected. 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