Annuities and Taxes: What Advisors Need to Know

April 25, 2023 by Roger Wohlner

Annuities are a viable retirement planning vehicle for many clients. They offer tax deferral during the accumulation phase and the possibility of guaranteed lifetime income.

They also have a tax impact when distributions start. Like most aspects of retirement planning, and with most retirement planning vehicles, tax planning is an integral part of the process of using annuities.

Here are some of the key tax planning issues tied to annuities to consider when determining whether an annuity is the right choice for a portion of your client’s retirement savings.

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Originally Posted at ThinkAdvisor on April 19, 2023 by Roger Wohlner.