Annuities are part of a well-balanced retirement portfolio, but you need to be aware of the tax implications

Annuities are part of a well-balanced retirement portfolio, but you need to be aware of the tax implications.

Qualified annuities are funded with pre-tax dollars, so when you withdraw funds from them they are all taxable income. If you roll over a traditional IRA or 401k, you would be taxed once it is annuitized.

Non-qualified annuities are funded by post-tax dollars if you rolled over a Roth IRA or CD.

Anything left in an annuity after you pass goes to your beneficiary tax-free, which makes them an amazing financial tool. Give us a call if you'd like to run the numbers on your portfolio!


USA Benefit Group
913 Big Tree Road
South Daytona, FL 32119
(386) 368-7800
https://healthbrokerfl.com/


We have provided Driving directions to find USA Benefit Group from all the quadrants of South Daytona:

https://www.google.com/maps/dir/29.309871,-81.0184925/29.167871,-81.0184925
https://www.google.com/maps/dir/29.239871,-80.9484925/29.167871,-81.0184925 
https://www.google.com/maps/dir/29.167871,-80.9484925/29.167871,-81.0184925 
https://www.google.com/maps/dir/29.095871,-80.9484925/29.167871,-81.0184925
https://www.google.com/maps/dir/29.025871,-81.0184925/29.167871,-81.0184925
https://www.google.com/maps/dir/29.095871,-81.0884925/29.167871,-81.0184925
https://www.google.com/maps/dir/29.167871,-81.0884925/29.167871,-81.0184925
https://www.google.com/maps/dir/29.239871,-81.0884925/29.167871,-81.0184925


Source: Best Health Insurance in South Daytona
United Benefits Group, 913 Big Tree Road, South Daytona, FL 32119, (386) 368-7800

Comments

Post a Comment

Popular posts from this blog

Recognizing the Importance of Medicare

Image
Recognizing the Importance of Medicare Medicare serves as a support system for millions of Americans, granting healthcare coverage to individuals aged 65 and above along with those dealing with specific disabilities or health conditions. More than a health insurance scheme, Medicare acts as a lifeline by granting access to essential healthcare services and ensuring financial stability in times of medical necessity. The Significance of Medicare Coverage For individuals, navigating the complexities of Medicare can feel overwhelming. Understanding its nuances is key not only for accessing healthcare services but also for making the most of available benefits and avoiding potential challenges. As we set out on this exploration to uncover the mysteries surrounding Medicare, let's delve into why grasping this program is crucial. https://sites.google.com/view/medicare-specialist-daytona/home Crucial Healthcare Coverage Medicare encompasses services ranging from ho...
Read more

Moving to a new state is exciting, but it also starts the clock on a special enrollment period where you can make changes to you...

Image
Moving to a new state is exciting, but it also starts the clock on a special enrollment period where you can make changes to your health insurance. We are educated on all the options available in the state of Florida to get you the best coverage at the best price! USA Benefit Group 913 Big Tree Road South Daytona, FL 32119 (386) 368-7800 https://healthbrokerfl.com/ We have provided Driving directions to find USA Benefit Group from all the quadrants of South Daytona: https://www.google.com/maps/dir/29.309871,-81.0184925/29.167871,-81.0184925 https://www.google.com/maps/dir/29.239871,-80.9484925/29.167871,-81.0184925   https://www.google.com/maps/dir/29.167871,-80.9484925/29.167871,-81.0184925   https://www.google.com/maps/dir/29.095871,-80.9484925/29.167871,-81.0184925 https://www.google.com/maps/dir/29.025871,-81.0184925/29.167871,-81.0184925 https://www.google.com/maps/dir/29.095871,-81.0884925/29.167871,-81.0184925 https://www.google.com/maps/dir/29.167871,-81.0884925/2...
Read more