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
The Ledger: Annuities Can Offer `Spendthrift' Protection