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.
Comments. Q. I have an IRA invested in a deferred variable annuity. I am now of the age that Required Minimum Distributions (RMDs) are necessary. My wife is sole primary beneficiary of the IRA and is not yet of the age for RMDs.I have the option of annuitizing the annuity over the joint life of myself and my wife.y wife is sole primary beneficiary of the IRA and is not yet of the age for RMDs. I have the option of annuitizing the annuity over the joint life of myself and my wife.