Annuities Tax Deferred
How can I find the necessary amount for a tax-deferred annuity that …?
generate $ 1300 per month of interest at maturity. Interest rate is 8.25% and interest is compounded monthly?
Do not know. However, any good agent will tell. Be very careful. Most people who buy annuities do not benefit from taxes "deferred" provision. This is due to two reasons: A. Rates very, very high internal "hidden". B. You are taxed at high rate of "profits." This is not a "capital gain" when he retires.
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