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	<title>New answer on: How To Use Annuities For Retirement Income?</title>

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		<title>By: David Racich</title>

		<link>https://insurancelibrary.com/annuities/how-to-use-annuities-for-retirement-income</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Sun, 30 Jun 2013 13:51:52 +0000</pubDate>

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		<description><![CDATA[Non-qualified annuities are designed to ultimately generate income. Different payout structures are available like ten or 20 years certain. But one of the most popular payout options is life only or lifetime income the annuitant can’t outlive. There is special tax treatment for life only as it relates to basis, which is amortized to the annuitant’s life expectancy as a portion of the first payment (which includes gain) until exhausted. Single premium immediate annuities can annuitization in similar fashion. So annuities that generate lifetime income should be considered as foundational tactic to your overall income strategy in retirement.
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