A variable annuity is a tax deferred savings vehicle. For a period of time, your money can grow and you can withdraw it as you want (the accumulation phase); you money is given to you at fixed intervals during the payout phase which you cannot alter. The amount paid during the payout phase can be fixed or variable.
A variable annuity is a tax deferred savings vehicle. For a period of time, your money can grow and you can withdraw it as you want (the accumulation phase); you money is given to you at fixed intervals during the payout phase which you cannot alter. The amount paid during the payout phase can be fixed or variable.
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cweth5594 2 years ago
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titalminarisa 2 years ago