The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: Tax Deferred Annuity right for me? Date:  4/29/2013  3:05 PM
Author:  1poorguy Number:  118554 of 130192

Frankly, if you don't know enough about something then you should not be making the decision. You should find a fee-only financial planner and just do what he says. (Not a commission planner as he has the conflict of interest that he wants more commissions.)

As for "getting killed in taxes", I don't know enough to comment (snide or otherwise...for all I know you're self-employed and having to do both sides of SS plus self-employment tax and maybe some other stuff). But if you have a good accountant he/she should be helping you maximize your deductions and minimize your tax liability. That's the most anyone can (legitimately) do.

Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us