Monday, November 19, 2012

What Is a SPIA Annuity?

Article originally published on Opposing Views

View original HERE

Taxation of Annuity Benefits

If you're considering a distribution from an annuity, take the time to familiarize yourself with the potential tax liability that may be created by your withdrawal. The type of annuity you own, qualified or non-qualified, and the amount of earnings in that account could impact how much your benefits get taxed.