Annuities offer tax-deferred growth. This means you don’t pay taxes on the earnings until you withdraw them. Withdrawals are taxed as ordinary income. It’s crucial to consult with a tax advisor for personalized guidance.
Annuities offer tax-deferred growth. This means you don’t pay taxes on the earnings until you withdraw them. Withdrawals are taxed as ordinary income. It’s crucial to consult with a tax advisor for personalized guidance.