Annuities

What Is The Difference Between Qualified And Nonqualified Annuity?

Pre-tax money can be used to fund a qualifying annuity, which is a retirement savings plan. It is possible to fund a non-qualified annuity with post-tax money. It’s important to note that the nomenclature is derived from the IRS (IRS). Annuity contributions are deducted from an investor’s gross income and grow tax-free, much like investments.

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What Type Of Annuity Requires Annuitization?

The first thing to remember is that an annuity can be annuitized in almost every contract. Annuitizing your retirement funds is only required by the single premium instant annuity, the two-tiered annuity, and the structured settlement. It is common for structured settlements to offer annuity settlement options that are distinct from regular annuitized payments. As

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