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Tag Archive: are annuities suitable for IRAs

Why Annuities Are Suitable For IRA Accounts

Why Annuities Are Suitable For IRA Accounts

By Marvin Hurwitz in Baltimore, MD Ever since I started as a financial services and retirement advisor in the early 1980s, I have read numerous reports and heard from many so-called experts and financial planners that tax-deferred annuities should not be the source of funding IRA accounts. The reason for not using annuities in IRAs is that  vehicles such as annuities and tax-free bonds are already tax-advantaged. So why take an investment that is either free of taxes (municipal bonds) or tax-deferred  (annuities) and use...

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