Annuities have long been a tool in the arsenal of retirement planners. They may be a great fit for some clients, especially those who continually max out their annual 401(k) contributions or for those approaching retirement and seeking another source of steady, guaranteed income. However, the many types of annuities, the benefits they provide participants or clients, and their tax implications can be confusing at times. While there may well be hundreds of annuity tax facts, these are a few of the most important every agent and advisor should know. In the gallery above are 7important tax and financial planning questions advisors should be aware of regarding annuities, according to ALM's Tax Facts Online. (Graphics: Chris Nicholls/ALM) ___________________ |
- Learn more with Tax Facts, the go-to resource that answers critical tax questions with the latest tax developments. Online subscribers get access to exclusive e-newsletters.
- Discover more resources on finance and taxes on the NU Resource Center.
- Follow Tax Factson LinkedIn and join the conversation on financial planning and targeted tax topics.
- Get 10% off any Tax Facts product just for being a BenefitsPRO reader! Complete the free trial form or call 859-692-2205 to learn more or get started today.
READ MORE: |
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.