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Get And Sign Do Not Use This Form For A Tax Sheltered Annuity 2016-2021

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this is Patrick Munro financial adviser talking about what is a tax-sheltered annuity a tax sheltered annuity is just that it's a qualified plan meaning tax qualified that allows you to take money and put it away in the custodial ship of an insurance company and while it's in that vessel called an annuity you don't have to pay taxes on the growth that is inside the financial instrument and year after year because of the fact that is a tax-sheltered annuity and you didn't have to pay taxes on it your vessel and your money continue to grow larger ever larger that panacea ends at age 70 and a half once you turn 70 and a half and every year thereafter the IRS has a formula called required minimum distribution and they put that upon your tax sheltered annuity and you are forced to receive a check and pay taxes on that normally the insurance company will administer those payments to you in retirement but the benefit of using attack sheltered annuity allows your money to grow ever larger so t

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