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Tag Archive: biggest issue about annuities

What is the problem with annuities?

What is the problem with annuities?

Written By: Robert Zimmerman | H&R Advisory Service, LLC While annuities are great places to deposit your safe money, they are not tax free accounts, any more than IRA or 401k accounts. Yes they do offer higher interest rates on a guaranteed basis, and they have some attractive side benefits, they are still a ‘tax deferred’ account. Many people don’t realize that annuity values do not pass tax-free to heirs. All the interest gained through the years is taxable income to the heirs. Even if...

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