Quote:
Originally Posted by retiredguy123
I would just add that any money you make in an annuity will be taxed at ordinary income tax rates, with none of the advantages of capital gains discounted tax rates. Surprisingly, some annuity salespeople forget to mention that.
|
Not necessarily true. If the money was invested from an ira, the taxes would be the same at withdrawal time from the ira. Only money put into a annuity from a regular brokerage acct could have lower taxes.