He Bought a $300,000 Annuity Inside His IRA for the Tax Deferral. The IRA Was Already Tax-Deferred, but the Fees Were Real.
· finance.yahoo.com
Buying an annuity inside an IRA for the tax deferral sounds like a smart retirement move until you look at what that duplicated benefit actually costs you every single year.
Investment growth sheltered from annual taxation is what an IRA provides, and so does an annuity. Placing the second inside the first duplicates a benefit the a...