Hi:
Obviously I know an individual can buy a deferred annuity, but can you buy one with business funds–either as an S-corp or sole proprietorship– if you’re interested in deferring some of your income for later?
thanks,
MG
Why pay for a defferred annuity.
They carry high costs, and not to mention if you want to take your money out early- you pay high penalties.
Why not just open a brokerage account, invest the money into something safe like 30 year cd’s, and never pay a fee to an annuity company.
Later, when you are getting ready to retire, you can either take out 4% a year yourself, or pay a company large sums of money to write you a check every month.
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March 22nd, 2010 at 3:44 am
Why pay for a defferred annuity.
They carry high costs, and not to mention if you want to take your money out early- you pay high penalties.
Why not just open a brokerage account, invest the money into something safe like 30 year cd’s, and never pay a fee to an annuity company.
Later, when you are getting ready to retire, you can either take out 4% a year yourself, or pay a company large sums of money to write you a check every month.
/
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