As noted above, when you purchase an annuity inside an IRA, the IRS rules for the IRA supersede the rules for the annuity. This means that any detrimental tax treatment of the payments is irrelevant if the annuity resides inside the IRA. The advantage of a steady, guaranteed,tax-freeincome...
You can roll over your IRA, 401(k), 403(b), or lump sum pension payment into an annuity tax-free.
While it's true that TIAA does not have an outside sales force so it may not be paying anyone a "commission", TIAA nonetheless does have a large inside sales team who answer the phones, process requests and who are being paid nice salaries and need office space, equipment, etc. to do...
An individual retirement annuity is the ideal way to hold a SPIA purchased with tax-deferred money. You avoid the big upfront tax bill that would occur if you withdrew the money from the IRA prior to purchasing the SPIA, and you avoid having to do complex RMD calculations each year. What...
When the 403(b) was invented in 1958, it was known as atax-sheltered annuity.7A 403(b) may offer a narrower choice of investments than other plans. Although these plans offer mutual fund options insidevariable annuitycontracts, contributors can only choose between fixed and variable contracts,...