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What are the advantages of annuities?

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What are the advantages of annuities?

Answered By Ammon Yorke, Editor


The advantages of annuities are categorized in three different parts. The first advantage is in tax-deferred accumulation, since annuities offer it they allow you to set it aside as long as you want without even worrying about the exceeding of the federal tax limits.

Under the flexibility advantages, annuities can offer you a variable or fixed return ending federal tax limits and lastly in terms of the security, annuity offers a fixed-income payout option which would grant an income that cannot be outlived.

--- permission must be obtained from editor Ammon Yorke to re-publish ---

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