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Tag Archive: how are annuities taxed

How Are Annuities Taxed?

Stan The Annuity Man

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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How Annuities are Taxed

Stan The Annuity Man

Although rules vary based on the type of annuity and how you elect to receive your money, the tax rules are not as complicated as many seem to believe. Kimberly Lankford wrote an article called ‘How Annuities Are Taxed’ which explains the taxation of annuities is an easily understood manner. In it, she highlights the various annuity types and gives insightful examples to support her explanations. Overall, the major theme is that all proceeds annuities that are purchased with pre-tax funds will be taxed at...

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