Developing a retirement savings plan can help ensure that you have enough money to pay your living expenses once you stop working. While there are different avenues you might explore to reach your savings goal, annuities are often overlooked because they're somewhat complex by nature. But while annuities aren't right for everyone, they do offer some key benefits -- namely, the ability to grow your money on a tax-deferred basis and generate a reliable income steam once you're older. It pays to learn more about the annuity tax benefits that could set you up for a more financially secure retirement.