When Is An Annuity Appropriate?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaProduct suitability is a critical component when considering a saving or investment vehicle. Tax deferred annuities are no exception, especially given the fact that they have differing crediting methods: interest rate crediting, index crediting and separate sub accounts. Long term savers and/or investors with high tax brackets are possible candidates for tax deferred annuities.Answered on August 13, 2013flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaAnnuities are appropriate when you wish to accumulate money in a tax deferred way. That is fundamental to almost every annuity. Annuities are appropriate when you want an income stream that you cannot outlive. Because they are often used as funding vehicles for qualified retirement plans they can receive other tax benefits such as in a Roth IRA where the income received is not taxable.Answered on October 9, 2014flag this answer
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