Do and Do Not: Deferred Annuities
September 26, 2022 by Sheryl J. Moore
DEFERRED ANNUITIES DO:
1. Provide a minimum “floor” of income in retirement;
2. Protect you from outliving your income; and
3. Defer the taxes that you will pay on them, until taking income.
DEFERRED ANNUITIES DO NOT:
1. Result in the insurance company keeping your money if you die the day after purchase;
2. Prevent you from accessing your money; and
3. Perform similarly to stocks.
-sjm
Categories: Moore on the Market
