FAQs tagged as

Annuity

  1. What is an annuity?

  2. How are life insurance proceeds taxed?

  3. Which investment would be most suitable for a client investing for retirement and seeking protection from purchasing power risk in the future?

  4. What is a tax-free 1035 Exchange?

  5. What are the distribution options for an inherited annuity?

  6. What happens to insurance policies and variable annuities if the insurance company itself goes bankrupt - do the policyholders get anything out of it?

  7. My variable annuity account took a beating. Should I seek other alternatives?

  8. Should I pull my money out of an annuity if the insurance company is having financial problems?

  9. Is it wise to put an IRA account into a fixed or variable annuity?

  10. I'm a teacher. Which is better for me, a 401(k) or 403(b)? What is the difference? From whom do I get these plans?

  11. I am in my mid thirties and have nothing invested for retirement. Is it too late to start contributing for a retirement plan?

  12. What do you do for a non-spouse beneficiary receiving a required minimum distribution (RMD) when the plan terminates? Is the purchase of an annuity the only option? Any thoughts on whether an IRA could be opened?

  13. I made involuntary contributions to a retirement plan while temporarily employed. Can I withdraw these funds without penalty?

  14. I am retiree, drawing from my 403(b) annuity. I am the sole employee of my own business. Do I qualify for a SIMPLE IRA account? I want to defer some of my income from taxes.

  15. I want to purchase a five-year period certain single premium immediate annuity (SPIA) with my IRA account. I'm 53. Will the 10% penalty apply?

  16. If I roll my annuity into an IRA and receive after-tax distributions, will this be considered taxable income?

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