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BUYING AN ANNUITY? BETTER KNOW THE TAX ISSUES FIRST

By Jeanne Sahadi – CNNMoney.

“Guaranteed payments” sound very appealing. But with many of the promises made by annuity salesmen, what you get turns out to be less than what you thought you were getting. AFA Founder Mari Adam, CFP® talked with veteran financial reporter Jeanne Sahadi of CNNMoney about when annuities can be a good deal, and when you should run far, far away. “An annuity is a tool. You have to use it wisely,” we said. Understanding the different types of annuities, and how they are taxed gets you moving in the right direction. (Read the full article here)

11 May, 18