1. Bob VineyardPRO
    Founder, Georgia Medicare Plans, Atlanta,GA
    Deferred annuities cash accumulation grow tax free until the funds are disbursed. This "tax shelter" may be attractive to those in a high income tax bracket especially if they anticipate lower tax rates when they retire.

    Annuity payouts are subject to regular income tax rates as ordinary income. There are no capital gains taxes on disbursement.
    Answered on June 3, 2013
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