<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"

	xmlns:content="http://purl.org/rss/1.0/modules/content/"

	xmlns:dc="http://purl.org/dc/elements/1.1/"

	xmlns:atom="http://www.w3.org/2005/Atom"

	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"

	
	>

<channel>

	<title>New answer on: What&#8217;s Annuity Income?</title>

	<atom:link href="https://insurancelibrary.com/annuities/whats-annuity-income/feed" rel="self" type="application/rss+xml" />

	<link>https://insurancelibrary.com/annuities/whats-annuity-income</link>

	<description></description>

	<lastBuildDate>Thu, 08 Feb 2024 00:23:46 -0600</lastBuildDate>

	<sy:updatePeriod>hourly</sy:updatePeriod>

	<sy:updateFrequency>1</sy:updateFrequency>

	<generator>https://wordpress.org/?v=6.9.4</generator>


	<item>

		<title>By: J Paul Wilson CFP, CHFC</title>

		<link>https://insurancelibrary.com/annuities/whats-annuity-income</link>

		<dc:creator>J Paul Wilson CFP, CHFC</dc:creator>

		<pubDate>Wed, 26 Nov 2014 18:51:15 +0000</pubDate>

		<guid isPermaLink="false">https://insurancelibrary.com/annuities/whats-annuity-income</guid>


		<description><![CDATA[Annuity income from an immediate or payout annuity is a blend of interest and return of principal. You can think of it as a mortgage in reverse.

In Canada, if the annuity income is from a registered plan then it is fully taxable. Non registered income from an annuity can be taxed (the interest portion) either as earned or on a prescribed basis. If the annuity can qualify as a prescribed annuity the &quot;interest&quot; or the non return of capital portion is averaged over the expected duration of the contract. This often results in a much higher initial after tax income.

Additional information on annuities and retirement plans can be found at www.protectandgrow.ca.

If you have additional questions or feel that I could be of assistance, please do not hesitate to contact me.]]></description>

		

	</item>


</channel>

</rss>

