ANNUITIES—THE IRA ALTERNATIVE
Abstract
Have you ever wondered how Agatha Christie's Miss Marple managed to live her quaint life in the quiet little village of St. Mary Mead without visible means of support? The source of her “small fixed income” was a financial resource which has kept many a fictional British character in “tolerable circumstances”—the annuity. While literature often mentions annuities in passing, they have only recently received attention from the financial press. The 1986 Tax Reform Act has left annuities and life insurance among the few untouched tax shelters, and the insurance industry is responding to this opportunity by expanding its product lines, and by emphasizing the tax benefits of single‐premium and whole‐life policies and annuities.
Citation
Butterworth, V. (1988), "ANNUITIES—THE IRA ALTERNATIVE", The Bottom Line, Vol. 1 No. 2, pp. 41-42. https://doi.org/10.1108/eb025119
Publisher
:MCB UP Ltd
Copyright © 1988, MCB UP Limited