How Deferred Annuities Fit into Modern Tax and Estate Planning
A deferred annuity allows investors to defer income taxes on their investment earnings until they begin to withdraw the funds. This delay in taxation can help individuals save more money and manage their income better in retirement. In particular, those who choose to buy deferred annuity plans can make a smart move for both their tax strategy and long-term financial stability. This option is especially beneficial for Canadians who seek predictable retirement income, with guaranteed payments over a set period.
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