However, we should consider placing some of our qualified dollars into an annuity and here are some of the reasons.

Reasons to Put Some Qualified Money into a Fixed Annuity

1. You can receive income that you cannot outlive. What other financial vehicle can guarantee monthly income to a customer for as long as they live?
2. There can be no expenses.
3. There can be no annual fees.
4. Some insurance company surrender charges disappear to 0% after a period of time unlike other instruments where penalties reappear when it is renewed.
5. The interest rate or return can be higher than other secure alternatives.
6. There is a guaranteed minimum interest rate for the life of the policy.

Reasons to Put Some Qualified Money Into a Variable Annuity

1. You can receive income that you cannot outlive.
2. Insurance company surrender charges can disappear to 0% after a short period of time unlike other instruments where penalties reappear when it is renewed.
3. With a variable annuity, you can receive a Guaranteed Death Benefit.
4. You can receive a Guaranteed Minimum Income Benefit.
5. You can receive a Guaranteed Minimum Accumulation Benefit.
6. You can elect systematic withdrawals via a Guaranteed Minimum Withdrawal Benefit.