Shateka Husser Financial Solutions

Annuities are tax-deferred, which means you…

Share
Tweet
Post
Pin

Annuities are tax-deferred, which means you don’t pay taxes on the money while it’s in the annuity. Like a 401(k) or IRA, you only pay taxes on the money when you withdraw it.

If you fund your annuity with pretax dollars, called a “qualified annuity,” then everything you withdraw will be taxed at your ordinary income rates. If, however, you used after-tax dollars to fund your annuity, called a “nonqualified annuity,” you won’t be taxed on the portion of your withdrawal that represents a return of your original principal. Only your earnings will be taxed in a nonqualified annuity.

Nonqualified annuities use something called the exclusion ratio to determine how much of your withdrawal is principal and how much is earnings. The exclusion ratio is designed to spread the return of your principal out over your actuarial lifetime.

Questions, comments or concerns? We’d love to hear from you! To speak to one of the annuity experts give us a call at 678-736-6496.

Go to https://shatekahusser.com/ and download your retirement planning workbook so you can begin TAKING ACTION toward your retirement.

RETIRE BEFORE YOU EXPIRE ⏰

#topannuitycompanies #annuityproviders #successinlife #financialwealth #bestannuities #retire #financialdomination #guarantedincomeforlife #cashvalue #financialsuccession #wealthmanifestation #financialguru #womensupportingwomen #ladyboss #beyourownboss #buildyourfinances #wealthinspiration #retirewealthy #wealthyretirees #businesstip #annuitypayment #wealthywoman #empoweredwomen #mindsetcreator #moneysaving #moneymind #pensionincome #wealthsuccession #richclub #businesscoach

Share this post with your friends

Share
Tweet
Post
Pin

"How To Position Your Money For Full-Time Retirement Without Depending On Social Security"

This Video Reveals Everything - Get Instant Access Now!

Related Posts