Direct answer
It depends on your investment timeline and liquidity needs, as annuities are generally designed for long-term retirement security and may have surrender charges if accessed early. While they offer tax-deferred growth, other vehicles like 529 plans are often more specifically suited for education-specific expenses.
Financial planning guidance on tax-advantaged accounts versus insurance-based wealth accumulation products.
What this means for you
It depends on your investment timeline and liquidity needs, as annuities are generally designed for long-term retirement security and may have surrender charges if accessed early. While they offer tax-deferred growth, other vehicles like 529 plans are often more specifically suited for education-specific expenses.
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