You should not consider investing in an annuity until all other tax-sheltered vehicles to save and invest for retirement have been maximized.

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An annuity is a long-term investment vehicle that provides tax-deferred growth and a stream of income in retirement. However, it typically has higher fees and limitations on withdrawals compared to other tax-sheltered retirement accounts such as 401(k)s and IRAs. Therefore, it is generally recommended to maximize contributions to these other accounts before considering investing in an annuity.

You Should Not Consider Investing in an Annuity Until All