An annuity is a customisable contract typically issued by an insurance entity which converts your premiums into a guaranteed fixed income stream. You can consider an annuity as a legal...
Posted by Taxes Made EZ Inc on 09/07/2023
When considering annuities, it is essential to understand the tax implications. Many people, however, might be surprised because the taxation of pensions differs. This article explores...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/15/2023
An annuity is a financial product that provides a stream of payments to an individual in exchange for an initial investment. Annuities can be a useful tool for retirement planning,...
Posted by Taxes Made EZ Inc on 04/09/2023
This guide will tell you everything you need to know about 1035 exchanges: how they work, the different types, and how to assess whether a 1035 exchange is right for you.What is a...
Posted by KLSM CPA Firm PLLC on 09/19/2022
For people worried about retirement payment, it is essential to examine the pros and cons of an annuity.An annuity is a type of insurance that gives payment. There is a payment that...
Posted by KLSM CPA Firm PLLC on 07/24/2021
If you buy an annuity in pre-tax dollars, the annuity payments will be fully taxed as income. If you purchase an annuity with after-tax funds, you only have to pay income tax. Annuities...
Posted by Don Bell Law on 01/07/2021
