Taxation on Non-Qualified Annuities: Key Facts To Know
In this video, we break down the taxation of non-qualified annuities and how it affects your retirement strategy. We'll explain how non-qualified annuities are taxed, the differences between qualified and non-qualified annuities, and what to consider when making withdrawals. You’ll learn about key tax rules like the last-in, first-out (LIFO) principle, tax-deferred growth, and how taxes impact beneficiaries.
We also discuss the benefits of non-qualified annuities, such as no contribution limits and flexibility with withdrawals, to help you make informed decisions for your financial future. Whether you're new to annuities or just looking...