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Contributed by mm | August 21, 2006 10:48 AM PST
Why should you consider annuity as an integral part of your investment plan? Here is our point-by-point breakdown of annuity's many benefits:
From :
Protection from Creditors
If you own an immediate annuity (that is, you are receiving money from an insurance company), in general the most that creditors can access is the payments as they’re made, since the money you gave the insurance company now belongs to the company. Some state statutes and court decisions also protect some or all of the payments from those annuities. And your money in tax-favored retirement plans, such as IRAs and 401(k)s, are generally protected, whether they are invested in an annuity or not.
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Annuity's Many Benefits #1: Tax Deferral (August 21, 2006)
Why should you consider annuity as an integral part of your investment plan? Here is our point-by-point breakdown of annuity's many benefits:
What Is An Annuity? (August 21, 2006)
In its most general sense, an annuity is an agreement for one person or organization to pay another a stream or series of payments. Usually the term “annuity” relates to a contract between you and a life insurance company, but a charity or a trust ...
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