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<a href="http://www.accessmylibrary.com/coms2/summary_0286-24371407_ITM" title="Facts and information about Should you buy an annuity now? These investments are selling faster than chocolates on Valentine's Day. But some can have unsavory effects on your savings.(Your Money)">Should you buy an annuity now? These investments are selling faster than chocolates on Valentine's Day. But some can have unsavory effects on your savings.(Your Money)</a>
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Should you buy an annuity now? These investments are selling faster than chocolates on Valentine's Day. But some can have unsavory effects on your savings.(Your Money)
To hear insurance companies, banks, and brokers tell it, annuities are about the best investment to come down the pike since Microsoft went public. Like an Individual Retirement Account (IRA), an annuity, which is an insurance contract, allows you to put money aside and pay no taxes on earnings until you withdraw funds, usually starting at age 5912.
You can opt for a fixed return or invest in a number of stock and bond mutual fund-like portfolios. Unlike IRAs or 401(k)s, annuities set no top limit to what you can invest. And, you can pull out the money as a lump sum or "annuitize," transforming your savings into a guaranteed payment for life.
Aware that ...
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...The planner was wrong about tax-deferred annuities, and luckily Mrs. Jones didn...any money you have in either tax-deferred annuities or IRAs, above the protected amount...exempt). So switching to tax-deferred annuities wouldn't change the Joneses' position...
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...net income charitable remainder unitrust (NIMCRUT) in deferred annuities. The outcome of this ruling is surprisingly favorable...the trustee can invest the trust assets in variable deferred annuities that do not provide much current income, but which have...
- Variable deferred annuities have hidden tax break.(INVESTMENTS)
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Old variable deferred annuities have a hidden tax break, IRS says. Heirs can take out lump-sum distributions tax free from annuities bought before Oct. 21...
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Old variable deferred annuities have a hidden tax break for heirs: Beneficiaries can take a lump-sum distribution tax free, IRS says in a private ruling...
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* LOW RATES, BAD: TIAA-CREF has suspended sales of some deferred annuities because it can't support the 3% minimum guarantee that New York State demands for fixed accounts. The firm's immediate annuities, pension annuities and current policyholders are not affected.
