Feb 26, 2012 #81 K KJ in Miami Guru 100+ Post Club 337 Miami, FL Re: Equity Index Annuity the best?????????? Thanks!! bluemarlin08 said: A. No loss of princpal Unless you surrender early B. postive probate aspects But negative IRD tax C. Heirs to don't have to liquidate as in a mutual fund Heirs don't have to liquidate mutual funds D. No expensive manger fees etc etc. Just unpredictable cap rates and participation limits In addition, all gains taxed as ordinary income versus cap gains No step up in basis at death Not something I would put friends or family in! Click to expand...
Re: Equity Index Annuity the best?????????? Thanks!! bluemarlin08 said: A. No loss of princpal Unless you surrender early B. postive probate aspects But negative IRD tax C. Heirs to don't have to liquidate as in a mutual fund Heirs don't have to liquidate mutual funds D. No expensive manger fees etc etc. Just unpredictable cap rates and participation limits In addition, all gains taxed as ordinary income versus cap gains No step up in basis at death Not something I would put friends or family in! Click to expand...
