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	<title>New answer on: What Does It Mean To Have Money In A Tax Deferred Annuity?</title>

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		<title>By: Mike Robertson</title>

		<link>https://insurancelibrary.com/annuities/what-does-it-mean-to-have-money-in-a-tax-deferred-annuity</link>

		<dc:creator>Mike Robertson</dc:creator>

		<pubDate>Fri, 27 Jun 2014 13:55:33 +0000</pubDate>

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		<description><![CDATA[A deferred annuity is a type of annuity contract that delays payments of income, installments or a lump sum until the investor elects to receive them. This type of annuity has two main phases, the savings phase in which you invest money into the account, and the income phase in which the plan is converted into an annuity and payments are received.  It can be either variable or fixed.]]></description>

		

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		<title>By: Jim Winkler</title>

		<link>https://insurancelibrary.com/annuities/what-does-it-mean-to-have-money-in-a-tax-deferred-annuity</link>

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Fri, 27 Jun 2014 13:52:48 +0000</pubDate>

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		<description><![CDATA[That is a great question! A tax deferred annuity is a great way to help fund a retirement plan. In this type of vehicle, the money that you put into the annuity grows steadily. The interest that it earns stays in the annuity, and isn&#039;t counted yearly as income, so isn&#039;t taxable. Once the point comes when you start taking payments from it however, that earned interest becomes taxable, and is counted as income. Everything in the annuity over the amount that you started with is considered taxable income and you will count the interest on your taxes each year that you receive payments. The idea behind this strategy is that once you&#039;ve retired, you&#039;ve dropped in your yearly earnings, and thus into a lower tax bracket, and yet again saved money. If you would like more detail on this financial tool, please contact me, okay? Thanks for asking!]]></description>

		

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		<title>By: Tim Wilhoit</title>

		<link>https://insurancelibrary.com/annuities/what-does-it-mean-to-have-money-in-a-tax-deferred-annuity</link>

		<dc:creator>Tim Wilhoit</dc:creator>

		<pubDate>Fri, 27 Jun 2014 12:43:12 +0000</pubDate>

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		<description><![CDATA[Putting money in a tax deferred annuity in very simple terms means the money paid into the annuity is growing without being taxed while in the annuity. The taxes are &quot;deferred&quot; until you start withdrawing the money to use usually for retirement. The hope is when you retire you will be in a lower tax bracket than when you were earning income. It can also be described as triple compounding meaning the dollar you put in earns interest, the dollar of interest earns interest and the dollar you owe Uncle Sam earns interest.]]></description>

		

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