Annuities & Taxes

May 4, 2021 by John Williams

Tax season is often a time when people more seriously consider their future financial plans. Reviewing how their money was spent and saved from the previous year can lead one to consider new options for the future. Add to that the financial uncertainties created by the ongoing pandemic, and many are taking into account income strategies they may not have previously considered.

Annuities are designed to build savings and provide income for retirement through guaranteed returns and tax deferrals. Fixed deferred annuities have some unique tax advantages for those just beginning to make a plan for retirement, or for people who are looking for ways to bolster their retirement income.

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Originally Posted at Advisor Magazine on April 27, 2021 by John Williams.