A tax-deferred annuity can allow an employee to make a contribution from their income into a retirement plan. These contributions might not be taxed until the employee makes a withdrawal. Depending on the annuity contract, an employer can also contribute to the plan, allowing the employee to enjoy the benefit of having additional tax-deferred funds accruing.
Reasonable and realistic planning can help you plan for your retirement. Patrick Financial Group, L.L.C., is available to consult with you and make suitable and responsible recommendations as to tax-deferred annuities.