Individual Retirement Annuity Plans
Concentus2023-04-20T10:17:20-05:00An Individual Retirement Annuity Plan is similar to an IRA except that it must involve an annuity and is not actively managed. Individual retirement annuities have the same contribution limits, tax advantages, and catch-up provisions as an individual retirement account (IRA). They must be issued in the owner's name, and only the annuity owner or their surviving beneficiaries are eligible to receive benefits from the contract.