Real estate blog entries tagged with lifo by Leon Williams (LUCA Financial Services)

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Home : Blogs : Leon Williams : Leon's Blog : Tag "lifo"

lifo: Advantages And Disadvantages Of Investing In Annuities - 01/14/10 05:42 PM

Annuity Pros(Advantages)
One of the largest benefits touted is that annuities offer you tax-deferred income, as annuity income is taxed only when you elect to receive it. So you can avoid taxes on annuities if you never want to use it, however that usually is not the objective. It is taxed evenly no matter when you put the money in if it is annuitized ("flip the switch" and start taking income from the annuity). If you take it out some other way i.e. IRS rule 72t, withdrawals etc. then it is taxed LIFO (last in first out). The purported advantage … (0 comments)

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Leon Williams

Sacramento, CA

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