1. 61682 POINTS
    Steve SavantPRO
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Tax deferred annuity policy accounts accumulate without taxation, but at distributions any gain in the policy is taxed as ordinary income at the effective tax bracket of the annuity owner. The tax deferral feature can have a significant impact over long periods of time for those in high tax brackets.
    Answered on August 9, 2013
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