Enacted on August 5th, the Taxpayer Relief Act of 1997 introduced the Roth IRA (Individual Retirement Account).
A Roth IRA is generally not taxed upon distribution, given some conditions are met, setting it apart from annuities. Additionally, annuity contracts usually have higher fees and expenses. IRAs hold retirement investments where an annuity is an insurance product.
Which will serve you better? Our trusted advisors can help you weigh the pros and cons.
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