Ben Stein, author, comedian and actor, last week testified before the Senate in his capacity as honorary chairman of the National Retirement Planning Coalition on the value of annuities.

Joining the AARP, insurance companies and financial planners in calling for additional tax advantages for the investment products, Stein pointed out that while annuities compound tax free, withdrawals are taxed as ordinary income, rather than at the lower level of dividends or capital gains.

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