This weekend I visited my family back in Cincinnati and got to meet my Dadâs new iPad for the first time. I donât have enough money for this fancy technology so Iâve never really used an iPad before.
Deferred Annuities. A deferred annuity grows tax deferred until the contract is annuitized (put into a payment stream) or surrendered (paid out as a lump sum). This type of annuity is a vehicle for accumulating savings for a future goal, such as retirement, and eventually distributing the value.
1 Deferred annuity - You may leave your money in the retirement fund and apply for a deferred annuity once you meet one of the following minimum age and service combinations: 2  Age 62 and 5 years of service (unreduced annuity);  Age 60 and 20 years of service (unreduced annuity);