Annuities Can Have Unpleasant Tax Side Effects: Here's the Surprising Antidote

Senior couple talking to financial advisor at home.

Many retirement savers hold a meaningful portion of their wealth in annuities.

Americans hold $2.6 trillion in non-qualified annuities alone. These accounts grow tax-deferred over the years, which means that, without a strategic plan, the increased value can turn into a painful tax bill.