David RacichPRO
    Fountain Hills, Arizona
    Tax deferred annuity rates are subject to change. Presently, at the posting of this response five year rates are around 2.75%, 7 year rates around 3.20% and ten year rates around 3.40%. Again, rates can change, so make sure you quoted rate is the locked in rate.
    Answered on July 21, 2013
  2. 1866 POINTS
    Paul RothPRO
    Senior Commercial and Annuity Specialist, Freedom Brokers, Marion, Carbondale, Harrisburg IL
    The better answer to the question is, "what do you want to accomplish?" Annuities are often tax deferred, perhaps adjusting your after tax income.

    Annuity rates will vary by company, length of time, riders, crediting, and so forth. They typically have better rates of return than do bank CDs. Annuities are not for everyone, so before you make a choice, work with an experienced independent agent who knows the proper questions to ask you.

    You want to accomplish something when purchasing anything. When you purchase a hot dog, it might not be just that you are hungry. You might want to report to your friend on a certain brand. Perhaps you want to fit in with your friends at a ball park, support the neighborhood football team.

    When you are purchasing an annuity, make sure you know what you want to accomplish first, or ask the right advisor to work with you. No simple answers to this question.
    Answered on June 17, 2016
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