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.
Fund tax-deferred accounts like an IRA or employer-sponsored retirement plan (such as a 401(k), 457 or 403(b) plan). Inside these accounts, you can purchase various different types of investments. Put money in a tax-deferred annuity which is an insurance contract that allows you to accumulate tax-deferred savings.