How is an annuity taxed?

Answer Taxation of an annuity is based on the classification of the annuity and type and timing of the distribution. Taxation can run from fully taxable to tax free.ClassificationsAnnuities are either qua... Read More »

Top Q&A For: How is an annuity taxed

Can an annuity by inheritance be taxed?

An annuity acquired through inheritance can be taxed. The amount of the annuity is added to the taxable estate for inheritance taxes, and the amount paid to the beneficiary is added to the benefici... Read More »

As an annuity holder with aig I have recently asked for a portion of my annuity and am wondering when i may receive it in the mail?

My wife receives a monthly annuity from AIG and usually gets it on the same calendar day every month.

Is an eia annuity a fixed annuity?

Equity-indexed annuities are fixed annuities. However, an EIA differs from other fixed annuities in the way it credits interest. EIAs use various complex formulas while other fixed annuities credit... Read More »

Future Value Annuity Vs. Annuity Due?

Annuities are investment products you purchase through insurance companies. Earnings on an annuity grow tax deferred, treated as income when distributions are made after age 59 1/2. Part of an annu... Read More »