One of my clients contacted me and stated he had a retirement annuity that he makes a monthly payment to.  On the paperwork, the Contract Plan Type is Individual Retirement Annuity.  He and his wife are retired and not employed and draw a pension and Social Security plus their investment income.  Both are over 65.  He said his financial advisor said his payment should be tax deductible.  

Is anyone familiar with this and can you tell me if it is deductible?  If deductible, would it count as an IRA deduction?  He is not currently drawing payments from this annuity.