Retirees hunting for guaranteed income are finding fixed-annuity payouts at roughly 15-year highs. Five-year multi-year guaranteed annuities now advertise rates around 6.30 percent, a figure that sits between 1.5 and 2 percentage points above the top nationally available five-year certificate of deposit. That gap between annuity income and bank deposit

A retiree with $750,000 in savings who follows the 4 percent rule will pull out $30,000 in year one, then bump that amount each year to keep pace with inflation. The rule traces back to financial planner William Bengen, who published his research in the Journal of Financial Planning in October