An individual nearing retirement invests a lump sum into a Single-Premium Deferred Annuity, choosing a fixed-return option. The investment grows tax-deferred, meaning no taxes are paid on the interest or earnings until the individual begins to withdraw funds after retirement.
Our financial advisor recommended considering a Single-Premium Deferred Annuity as a way to manage our retirement savings more efficiently and benefit from tax-deferred growth.
Deferred's AI 1031 Research Assistant is trained on 8,000+ pages of US tax law and outperforms human CPAs by 22%+
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