Annuities market themselves on the basis of their ability to avoid taxation on investment growth through tax-deferral. While it is true that taxes on earnings are deferred within an annuity, this may not be achieved in a way that is quite as useful as it sounds.
Annuities and life insurance policies are not subject to probate and may be passed to a designated beneficiary directly without going through probate. Annuities allow for tax-deferred growth of investment proceeds, which can be a significant benefit to holders of deferred annuities during the accumulation phase.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment