Annuities, like any product, financial or otherwise, have positive and negative attributes. If you’re looking to get an annuity, make sure it’s the right time. Let’s suppose you are currently looking for one. Meaning of course that you are approaching retirement and looking to protect the money you have and still receive a reasonable rate of return along the way.tax deferred annuityThe benefits of owning an annuity are easy to understand and make the product a real possibility for almost everyone at some point in life.The PROS as I see them:Earnings Are Tax Deferred: As with an IRA, you do not pay annual taxes. This is one big advantage annuities have over other safe cash alternatives such as CDs or money market funds.Capital Is Secure: Your money is safe because the in
What Are the Pros and Cons of Annuities?
Posted in Finance by businessgod 895 days ago« previous1 next »
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