Business owners can use annuities for retirement savings, deferred compensation plans, and business continuation planning. Fixed indexed annuities provide principal protection and market-linked growth. An independent agent can help business owners evaluate annuity options.
Key Points
- Fixed indexed annuity: principal protection and market-linked growth
- Deferred compensation plans: funded with annuities
- Business continuation planning: annuities can fund buy-sell agreements
- No contribution limits: unlike 401(k) or IRA
- An independent agent can help business owners evaluate annuity options