No. of Recommendations: 0
Michael A,
If you have maxed out every other tax-deferred possibilty then annunities can help if you never annunitize when you get ready to withdraw the money. Make sure you have that option. Be sure you have good investment options to work with. Most of the money that I have today was because the only options for me were 403b accounts that had just annunities as my options. There is one other option that no one has suggested, buy a stock that has growth possiblities but no or very low dividends. You will pay not taxes until you sell and then at capital gain rates which are lower than for ordinary income tax rates. A good example of a stock that does this Berkshire Hathway. I am sure there are many other stocks available that meet the criteria of growth without dividends. This will give you alot more control over your investments then with an annunity.
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