Annuities are designed to build wealth and income for your retirement through tax deferral. Interest earned in a deferred annuity (the most popular type) is not taxed until withdrawn. Deferring taxes accelerates savings growth because interest compounds faster without withdrawals needed to pay taxes. Compounding occurs when interest is paid on previously earned interest. Most… Continue reading Annuities Offer Powerful Tax Advantages Plus Some Avoidable Pitfalls