Tuesday, December 27, 2005

 

Annuities Can Offer `Spendthrift' Protection

People buy fixed annuities outside qualified retirement plans for a variety of reasons. They include: Tax Deferral - Most buy annuities because they are guided by their advisers to do so in order to build up compound interest in their account and not pay current income tax on the growth. For them, this tax benefit is paramount...

The Ledger: Annuities Can Offer `Spendthrift' Protection

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