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	<title>New answer on: When Are Annuities Appropriate?</title>

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		<title>By: David Racich</title>

		<link>https://www.insurancelibrary.com/annuities/when-are-annuities-appropriate</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Sun, 23 Jun 2013 18:22:14 +0000</pubDate>

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		<description><![CDATA[Non-qualified deferred annuities permit tax deferred accumulation in the policy. If you’re in a high tax bracket, deferring ordinary income tax is a benefit in itself. If you’re receiving Social Security, you can defer your annuity gains without mandatory required distributions, which could have an impact on taxation of your Social Security Benefits. Annuities can be annuitized over your lifetime generating lifetime income you can’t outlive. If you annuitize your annuity for lifetime income you can’t out live, the basis is paid over your life expectancy tax free as part of the payment until it’s exhausted. Mortality credits are added to the interest rate crediting a stream of income that can be competitive with other interest bearing accounts.
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