Product suitability is extremely important in selecting an investment, variable annuities are no exception. To determine if variable annuities are suitable, you need to establish a personal financial profile that includes your risk assessment, your effective tax bracket and your life expectancy.
Generally, mid to long term investors with high effective tax brackets should consider tax deferred variable annuities. Keep in mind that the benefits of variable annuities come at a cost like all investments. So do the benefits outweigh the cost of tax deferred variable annuity? There are so many tax deferred variable annuities to choose from and the selection process can be daunting.
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Generally, mid to long term investors with high effective tax brackets should consider tax deferred variable annuities. Keep in mind that the benefits of variable annuities come at a cost like all investments. So do the benefits outweigh the cost of tax deferred variable annuity? There are so many tax deferred variable annuities to choose from and the selection process can be daunting.