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Annuities are one type of retirement investment, but they aren’t the only one. You may want to think about other retirement options, including: Tax-advantaged retirement accounts.
The suitability of an annuity as an investment depends on your financial goals, risk tolerance and retirement plans. It’s always smart to consult a financial advisor before making a major ...
One of the most important is that if you’re under age 59 ½, any withdrawals from an annuity will trigger the same 10% early withdrawal penalty that you’ll face with your IRA or 401(k) plan.
Most Americans build retirement savings through individual retirement accounts or employer-sponsored plans such as 401(k)s. But another option is an annuity, which is designed to provide a steady ...
An annuity can help you save for retirement and has favorable tax benefits. Experts caution that annuities can be complex and risky, carry high fees and are difficult to cancel.
Similar to investments held within retirement plans, such as 401(k)s and IRAs, earnings within an annuity grow tax-deferred, allowing them to compound over time.
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