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Annuities have tax advantages that some people can use if
Posted on: December 14, 2022 at 17:51:40 CT
JeffB MU
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they have maxed out their retirement account contributions for the year &/or or they want to transfer some of the risk of a guaranteed lifetime income for themselves to an insurance company.
They can also be used for keeping some assets yet still qualifying for Medicaid nursing home eligibility.
Some people like fixed index annuities as a way to get some of the upside of the stock market without the downsides.
High net worth individuals sometimes go for the whole life policies for tax reasons. Life insurance can be used to pay off big tax bills if needed.
They can also be used for keeping some assets yet still qualifying for Medicaid nursing home eligibility.
Some people like fixed index annuities as a way to get some of the upside of the stock market without the downsides.
High net worth individuals sometimes go for the whole life policies for tax reasons. Life insurance can be used to pay off big tax bills if needed.
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Annuities have tax advantages that some people can use if - JeffB MU - 12/14 17:51:40