FindAnnuities.com
Title
annuities -- annuities
Description
Excerpted from the website:
- About Annuities
- An annuity is a contract with a life insurance company, in which your money accumulates and compounds tax-deferred which means that you pay no taxes on the income while the investment grows until you withdraw the money. However, upon withdrawal, you will be taxed at your current income tax rates rather than capital gains taxes. A 10% tax penalty may apply for withdrawals before age 59½.
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