Considerable controversy has surrounded the use of annuities to fund qualified retirement plans, since both offer tax-deferred growth. However, while not every investment is suitable for every investor, the advantages of using annuities in qualified plans may outweigh the negatives.
There are many qualified retirement plans available to both individuals and businesses. Contributions to these plans can be made with either before-tax dollars or on a tax-deductible basis, and grow, tax deferred, until received. While any acceptable product used to fund a qualified plan is able to grow on a tax-deferred basis, annuities are still an attractive qualified plan-funding vehicle.
Let's review some of the advantages to including annuities in a qualified retirement plan.
Ohio National is not affiliated with, nor does it endorse or sponsor, any particular prospecting, marketing or selling system.