What Is Meant By Deferred Annuity?
3998 POINTSview profileMatt BenoreFounder, DenverWest Insurance Professionals, Inc.,A deferred Annuity simply means that any taxes you would normally pay on growth is deferred until such time you withdraw the monies. Annuities are designed, similar to other retirement accounts such as IRA & 401(k), to grow tax deferred until age 59 1/2 when you can take the money out penalty free.Answered on September 30, 2014flag this answer
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