How Does Retirement Annuities Work?

1. 

   0 POINTS

   

   Contact David Racich Contact David Racich by filling out the form below

   
   Name
   

   
   Email
   

   
   Phone Number
   

   
   Message
   

   Please leave this field empty.
   

   Δ

   Contact Me

   view profile
   David RacichPRO

   Fountain Hills, Arizona

   There are two annuity retirement plans: qualified and non-qualified. Annuities are designed and should be purchased ultimately as an income strategy for your golden years. Qualified annuity payments are completely taxable at ordinary income tax rates. Non-qualified annuities are taxed as ordinary income on the policy’s gain, but not the basis. There are two distribution formats: withdrawals and annuitization. Lifetime annuitization credits the prevailing interest rate and adds the appropriate mortality credits for lifetime income you can’t outlive.
    

   Answered on June 22, 2013

   +1

   1 0

   +1 this answer

   flag this answer

   view more answers by David Racich
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.