![Richard Ericson]()
Richard Ericson |
September 4, 2014 |
Annuity Taxes
How annuities are taxed can be dependent on the types of funds you use to invest in the annuity. When you invest with qualified funds, withdrawals are taxed as ordinary income. When you invest in an annuity contract with non-qualified funds, withdrawals are taxed as ordinary income until you get to the principal, which has already been taxed. When you use tax-free or Roth investments to fund your annuity contract, withdrawals maintain their tax-free status. Qualified – The first and most common option is utilizing...
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![Stan The Annuity Man]()
Stan The Annuity Man |
August 8, 2013 |
Annuity Taxes, Ask Stan The Annuity Man, Deferred Annuities, Immediate Annuities, Member Posts
Question: How are annuities taxed? from Darrell in Phoenix, AZ Answer: That’s a pretty broad question Darrell, but and extremely important one. Let me get right to the point when it comes to annuities and taxes. Always use a CPA or qualified tax professional for any type of tax questions that are related to annuities. Never take an agent’s word for it. I probably know more about annuities and taxes than most (heck, I’m Stan The Annuity Man!), but even I defer all questions to...
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