[IMGCAP(1)]For years, annuities have been considered to be a solution for outliving your income and available assets.

Whether in the form of pension income, with tax-deductible contributions, tax-deferred growth and taxable income, or from non-qualified assets using after-tax monies with the resultant future income partially a return of principal and partially taxable, the goal has been the same. In essence, to create a stream of income one cannot outlive. Also, depending on the payment structure, there might be residual benefits to the heirs and/or beneficiaries.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access