Recent tax revisions on social security tax provide for a reduction in taxes by realigning municipal bonds and other investments into annuities. Competitive Interest Rates . Safety and Security. Unlike other riskier investments, annuities are virtually risk-free. Your funds are always guaranteed in an annuity.
Annuities avoid the very costly process of probate.
No Sales Charges . With fixed annuities, all of your money is invested as opposed to being applied to sales charges and fees. Certain companies do charge an administrative fee which is normally just a minimal and fair amount. Clearly, when comparing investment vehicles and government processes such as probate, an annuity is one tool that the prudent planner cannot afford to overlook. In order to attain tax-saving and other attractive benefits.