Annuities: Tax Advantages, Risks, & Insights
In this episode of “The Semmax Way,” host Matt Landon, CFP®, guides listeners through a comprehensive exploration of annuities as a financial tool. Using a clever analogy involving the right tool for the job, the discussion highlights the importance of choosing the appropriate annuity type, covering fixed, fixed indexed, and variable annuities. Caution is advised against variable annuities due to their higher fees and potential for lower returns. The episode emphasizes the significance of working with fiduciaries, diversifying investments, and the benefits of annuities, including risk transfer and portfolio stability. It also underscores the tax advantages of annuities, particularly for high-income individuals aiming to reduce taxable income.
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The information contained herein is for educational purposes only. It is not intended to provide, and should not be relied on for, any tax, legal or investment advice. You are advised to seek the advice of a qualified professional prior to making any decision based on any specific information contained herein.
Insurance Products guarantees are subject to the financial strength and claims‐paying ability of the issuing company, and may be subject to restrictions, limitations or early withdrawal fees. Annuities are not FDIC insured.
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