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URL:  http://boards.fool.com/annuities-11248827.aspx

Subject:  Annuities Date:  9/12/1999  10:12 AM
Author:  lckrypel Number:  13858 of 76237

I have an associate that is 73 with approx one million in a traditional IRA. Their financial advisor is encouraging them to withdraw a large portion and place it in an annuity because there will be less taxes when they die. This would leave their heirs with more and uncle Sam with less. Now I know Bob does not look favorably on annuities particularily when the financial advisor has so much to gain in way of commissions. My question is: What is the best way to shelter one million dollars in a traditional IRA from taxes?


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