Tax deferred investments can help more of your savings dollars work for you.
Variable annuities are one such type of investment.
The benefits of investing in a variable annuity. What a variable annuity is and how it works. Because the interest is tax deferred you only pay taxes on the interest when you withdraw the funds and it becomes income. Allows for accumulated money to be converted into an income stream as a supplement to other retirement savings. It's worth noting that annuities are among the only products available that can offer a guaranteed income for life.