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Venerable annuity gains new life in turbulent times
New York reports that the traditional annuity remains a strong option despite market turbulence. Deferred annuities offer tax deferral and growth, with choices from fixed to variable, single to flexible premiums. Key cautions include fees, surrender penalties, and a 10 percent early withdrawal tax before age 59. Investors should plan long term, often a decade or more, to overcome lower annual yields via compounding.
MENTIONED IN THIS ARTICLE
New York
Kiam Brennan
Ernst & Young
Henry Mc Financial
Moneypaper
Mamaroneck
N.Y
Brennan