The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Annuities Date:  9/12/1999  10:12 AM
Author:  lckrypel Number:  13858 of 91146

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?

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us