When you begin withdrawing money from your fixed index or multi-year annuity, taxes become due on the earnings portion of the withdrawal. How withdrawals are treated for tax purposes will depend upon the tax-st
Example 3.Harriet just turned 75-year-old this year, and has two IRA accounts; the first, with a value of $175,000, is invested into a variable annuity with a guaranteed minimum income benefit rider, and the second is held in a $40,000 CD. Under theUniform Lif...