Choosing The Right Deferred Annuity: What To Look For In Interest Accumulation Features?
Lastly, understanding the tax implications of your investment is vital. The growth in a deferred annuity is tax-deferred, meaning you won’t owe taxes on the earnings until you make withdrawals. However, ordinary income tax rates will apply upon distribution, so factor this into your long-term planning. Website URL: https://www.niadd.com/article/1297531.html Country List: United States