Annuity is a great thing to have. It allows you to have a peace of mind in knowing that you have some tuck away in the event you need it.
Annuity Marketing - Beware of Taxes and Liabilities
There are some tactics and methods available to help reduce the tax burden of selling a tax deferred annuity. Naturally, the burden is highest in California where annuity payouts are required to pay tax immediately - 2.35% of the benefit paid, along with any state income tax owed. These taxes are paid directly to the state by the insurance company, who calculates the taxes owed before paying out to the client.
Purchase Your Annuity Wisely
Did you know that many times, the interest you earn on your annuity is far less than what you would earn if this capital were placed in a savings institution? I
