Annuities Can Provide Tax Bracket Cushions
October 16, 2024 by Allison Bell
Ordinary annuities convert the premiums into vehicles with distribution that are set to be taxed, eventually.
Traditionally, many wealth managers have scoffed at the idea of using annuities for that reason and focused instead on careful efforts to use whole life insurance and other forms of cash-value life insurance.
But Justin Haywood, a certified financial planner based in Houston, believes that annuities can play a role in wealth management, not just in retirement income planning for middle-income people.
Originally Posted at Think Advisor on October 9, 2024 by Allison Bell.
Categories: Industry Articles
