Most fixed guaranteed
tax-deferred annuities permit withdrawals of money, but like a CD, there can be early withdrawal penalties," Mueller said.
The Service issued an unpublished Letter Ruling (TAM)(52) involving a NIMCRUT(53) funded with
tax-deferred annuities.
A lottery winner could double his money in six years by investing in a relatively safe combination of investments such as mutual funds, select equities and
tax-deferred annuities, according to Morrie Reiff, CEO of Planned Asset Management in Encino.
Described in Section 403(b) of the tax code,
tax-deferred annuities permit employees of these organizations to make pretax contributions toward the purchase of retirement annuities.
Eight chapters of Pension Planning are then devoted to a variety of specific pension plan vehicles: trust fund plans, annuities; profit sharing plans, thrift and savings plans, cash or deferred plans and employee stock ownership plans; individual retirement accounts; and
tax-deferred annuities.
Given the higher tax rates recently enacted, the pitfalls of such arrangements abound, but many can be avoided through the use of
tax-deferred annuities.
03, page 63), suggests clients should avoid
tax-deferred annuities.
Individuals have several options for saving for retirement, ranging from
tax-deferred annuities and mutual funds to stocks, bonds, and cash-value life insurance policies.
She also expressed reservations about investment club performances, penny stocks,
tax-deferred annuities, cash-value life insurance and gold holdings.
If you reach retirement age while your child is in college, consider stashing education savings in voluntary retirement plans, such as your 401(k)s, IRAs and
tax-deferred annuities.
As part of the financing of that law, Congress also adopted changes to the qualified plan rules governing the treatment of distributions from qualified plans or
tax-deferred annuities.
