Over the past decade or so, annuities have become an increasingly popular investment for IRA and Roth IRA owners. Despite the fact that there is no additional tax benefit to holding an annuity inside an IRA, many of today’s annuity contracts offer certain benefits or guarantees that appeal to clients. Whether you recommend annuities to clients or not, annuities in IRAs pose some traps not found with other types of IRA investments, or not found as frequently. Advisors should know the rules in … [Read more...]
About the Author
Jeffrey Levine, CPA is an IRA Technical Consultant with Ed Slott and Company, LLC. He is a contributing writer and editor for Ed Slott’s IRA Advisor newsletter and has been quoted in numerous publications, from the New York Times to the San Francisco Chronicle. A frequent presenter of advanced training programs, Jeffrey has educated thousands of Financial Advisors and consumers on IRA tax and estate planning strategies. Visit Ed Slott and Company’s website at irahelp.com or Email Jeffrey at Jeff@irahelp.com. You can follow Jeffrey on twitter @iraguru4edslott.