Because of the tax advantages, many people use annuities as the basis of their overall financial plan, instead of CDs or savings accounts.

Name: Because of the tax advantages, many people use annuities as the basis of their overall financial plan, instead of CDs or savings accounts.
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Annuities offer tax-deferred growth and may have other tax advantages depending on the type, making them preferred by some people as a foundation for their financial planning compared to CDs or savings accounts.

Because of the Tax Advantages, Many People Use Annuities as the Basis