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Annuties

QuestionAnswer
What is a Straight Life Annuity type? - Payments until death - Highest payout method
What is a Life w/ Period certain Annuity type? - Upon death, payments are given to beneficiary - Guranteed payments for a specific period of time
How are Non-Qualified annuities taxed? - After tax contributions - "Last in First out" method - Principal is untaxed
How are Qualified annuities taxed? - Contributions are Pre tax - All payouts are taxed as ordinary income
Created by: user-2068186
 

 



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