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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.
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10 investments to avoid - Ferg MU - 12/14 14:26:37
     RE: 10 investments to avoid - slamduncan KC - 1/27 12:37:13
          RE: 10 investments to avoid - slamduncan KC - 1/27 12:37:48
     looks pretty good- i’m as anti annuity as the next guy but s - Beakerbasher KC - 1/13 22:21:07
     glad to see sports betting didn't make the list (nm) - SwampTiger MU - 12/19 09:40:26
          I don't consider sports betting or the lottery - Ferg MU - 12/19 13:37:25
               I saw one financial analysis shortly after 'The Great - JeffB MU - 12/21 19:29:03
     I think commodities can have a place in a - Sarazen KC - 12/16 15:12:29
          annuity only if you have zero investment ability and life - TigerFan92 STL - 12/14 17:34:30
               Annuities have tax advantages that some people can use if - JeffB MU - 12/14 17:51:40
                    annuities pay a fraction of what you can get in the - TigerFan92 STL - 12/14 18:16:04
                         Again that gets back to niche markets. - JeffB MU - 12/14 18:24:44
          I think there are better options - Ferg MU - 12/14 16:59:16
               I just bought two 1 year CD's, at 4 %, since - GA Tiger MU - 12/16 09:26:39
               What alternative would you suggest for a wife who couldn't - JeffB MU - 12/14 17:55:29
                    RE: What alternative would you suggest for a wife who couldn't - Ferg MU - 12/14 18:07:41
                         and the government would say that they are not eligible for - JeffB MU - 12/14 18:32:36




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