What Are Annuities & How Do I Obtain One?
An Annuity may be just what you’re looking for to save for retirement. You can qualify to make contributions to an annuity even if you have other retirement plans.
Annuities can be specifically designed to provide tax advantaged growth of contributions and income without risk to either your principal or your interest earnings. Some of these plans let you take a tax deduction for the contribution. Some plans let you pay the taxes now and withdraw the funds later federal tax free. Another flexibility is that you may make monthly payments as low as $50, or make deposits whenever you like.