Annuity Myths: Things Everybody Knows About Annuities
No deferred annuity contract (variable or fixed) contains a charge for tax deferral. Some critics assert that this is simply because the charge for tax deferral is hidden. That, too, is false. The proof of this lies in the fact that in a typical fixed annuity, there are no annually recurring charges of any kind, yet a fixed deferred annuity receives precisely the same tax treatment as a ... ................
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