Which of the following individuals is most likely to benefit from a deferred annuity?

A deferred annuity is particularly advantageous for someone who aims to grow retirement funds on a tax-deferred basis. This type of financial product allows individuals to contribute money over time, which can then accumulate interest without being subject to taxes until funds are withdrawn. This feature is beneficial for those who are planning for retirement because it enables the investment to grow more significantly compared to taxable accounts, potentially leading to greater financial security in retirement.

Individuals wishing to withdraw funds immediately or who are in need of immediate income, such as retirees, may find that a deferred annuity does not meet their needs since it is designed for accumulation over time before disbursement starts. Therefore, those looking to maximize their retirement savings through tax advantages and a longer investment horizon are the ones who will find the most benefit from a deferred annuity.