When Are Annuities A Good Investment?

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    David RacichPRO
    Fountain Hills, Arizona
    Assuming you’re addressing non-qualified annuities, product suitability dictates whether you should purchase a non-qualified annuity or not. A variable deferred annuity could be characterized as an investment because it is a security that uses separate sub accounts funded by market equities and bonds. All other deferred annuities should be characterized as savings products. You first need to establish a personal financial profile that includes a risk tolerance assessment, defined financial goals, an estimate of your life expectancy and a determination of your effective tax bracket. This will assist you in your product suitability self-examination. The higher the effective tax bracket rate, the more you should explore annuities. The power of tax deferral can be significant over many years.
      
    Answered on June 23, 2013
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