What’s Wrong With Fixed Annuities?

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   David RacichPRO

   Fountain Hills, Arizona

   Non-qualified tax deferred annuities that credited fixed interest rates for a fixed period of time generally beat the interest rates credited by banks. And keep in mind that bank interest earnings are taxed every year, but non-qualified tax deferred annuities are taxed when you take distributions. Non-qualified tax deferred annuities are generally for conservative savers and/or those in high tax brackets.

   Answered on July 14, 2013

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