Annuity Taxation Annuity taxation will depend on what type of money you used to fund the annuity, pre-tax or post-tax. This is known as qualified or non-qualified. In this article, we will go over how both types of annuities are taxed. Qualified Qualified means that the annuity has been funded with pre-tax money. These [...]
Frequently Asked Annuity Questions Annuities can be helpful but complex investment vehicles. We want to help clear up some of the mystery. To do this, in this article, we will answer several frequently asked annuity questions. What is an Annuity? An annuity is a financial contract between you and an insurance company. In exchange [...]
When to Begin Taking Social Security Benefits For many people, social security plays a big part in their retirement. But it is important to know when to begin taking social security benefits. In this article, we will go over the basics of how beginning your social security works. Full Retirement Age Full retirement age is [...]
4 Retirement Pitfalls and How to Avoid Them Retirement pitfalls can throw a wrench in your plans and cause distress during retirement. In this article, we will review what 4 of these retirement pitfalls are and how you can avoid them. 1. Not Planning for Long Term Care Many people do not realize that [...]
