401k versus tax deferred annuity

Both 401ks and annuities both offer tax-shielding features. 401ks allow your employer to match your investment and are portable, following you from job to job. Annuities do not have this feature, but they are more flexible. Unlike a 401k, annuities have no mandatory withdrawals, income level restrictions, and there is usually no limit to how much you can contribute. Annuities are provided by life insurance companies and often have a life insurance component that allows you to pass the annuity on to someone else in the event of your death. The best way to find out if an annuity is right for you is to speak with financial planners and locally licensed insurance representatives. They can answer your questions, and speaking with more than one gives you a broader view of whats available in your area, as well as benefiting from more than one perspective. Fill out the above form to get started. Youll also receive information on financial planning solutions from industry leaders such as Sun Life Financial, Conseco, and Vanguard.