Direct answer
It depends on whether you need supplemental income immediately or prefer to accumulate tax-deferred growth for future financial needs.
Financial planning guidelines established by the National Association of Insurance Commissioners regarding annuity suitability. For additional information about regulatory standards for annuity products, see the National Association of Insurance Commissioners‘ official website.
What this means for you
It depends on whether you need supplemental income immediately or prefer to accumulate tax-deferred growth for future financial needs.
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