How To Evaluate Annuities?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   Tax deferred annuities allow the annuity owner to accumulate cash values while deferring ordinary income taxes on the gain. Tax deferred annuities have three basic crediting methods: interest rate, index and separate sub accounts using equity and bond investments. The contractual language is important to understand, so you can evaluate the financial virtues of the policy. You also need to establish your financial profile to determine your risk tolerance and financial goals for product suitability.

   Answered on August 17, 2013

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