-- By Tony Bahu
© All rights reserved.
Let
me start by answering that question...if an annuity fits your
investment objectives than there is no reason that an annuity should
not go in your IRA. Okay all you smarty pants out there who keep
arguing that it is tax deferred and it does not belong in your IRA...SO
WHAT??? The fact that it is tax deferred is only one reason why
people buy annuities.
Now, let me elaborate on my thoughts here. If you are buying an
annuity strictly for tax purposes, then it is obvious that an annuity
should not go into your IRA. However, there are many great
benefits that an annuity can provide for an IRA. For example,
fixed annuities are provide a safe way to get a return higher than a
CD. So if you would put a CD in an IRA, why not a fixed
annuity? So you'll already have the advantage of tax deferral but
now you get the luxury of higher rates and a safe return. Furthermore, it is one additional way to diversify a portfolio.
With a variable annuity (although I am not a fan of) you get a
guaranteed death benefit. So no matter whether your annuity goes
up or down, the death benefit can never go lower than the original
amount invested (less any withdrawals). So there is an advantage
that no stock or mutual fund can provide for you. So why wouldn't
you use it?
The bottom line is that annuities are another type of investment
vehicle. Although many professionals argue that they should not
be used in an IRA, I believe that they have not fully though about the
benefits of an annuity. There are many benefits an annuity can
offer and if these benefits match your needs, than I can truly say, it
may be appropriate.
However, before you invest in an annuity, or anything for that matter,
it makes sense to know what's right for your particular
situation. Furthermore, it is good to know how annuities really
work and which one is right for you. For this type of
information, check out "Annuities: The Shocking Truths Revealed." This book is very informative
and tells you what to look out for, which annuity is right for you,
questions to ask your agent, and much more.
So for those of you who say an annuity is not right for an IRA, I'm
sorry but you are wrong. The answer is it depends. It
depends on the client's situation and what the client is looking
for. If it can be found in annuities, then go for it...
Ignorance is not bliss...
About the author:
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Tony Bahu is a licensed annuity agent who has
helped many men
and women own the annuity that is right for them and their
family.
He is also the author of the controversial document,
'Annuities: The Shocking Truths Revealed', which reveals the secrets
that the banks and insurance companies don't want you to know.
For more information on his document, visit the site below right now!
http://www.AnnuityMD.com
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