I never looked into it but I would also assume that you would also lose the step up in cost basis when you die.As I have always said, a variable annuity is the best way to turn long term capital gains, usually taxed a 15% for most people, to ordinary income, probably taxed at 20%-25% at retirement for those who have planned & saved for retirement.
Statistics: Posted by Watty — Tue Apr 30, 2024 8:01 am — Replies 7 — Views 285