Retirement Annuities

Annuities come in different flavors, and, depending on the type of annuity or the intent of setting up an annuity, they may be taxable or non-taxable. They also can be exempt from creditors in a bankruptcy. more »

An immediate annuity, sometimes called a single-premium immediate annuity, is a retirement income product sold by insurance companies. A person (annuitant) purchases an annuity by making a single deposit (premium) with an insurer. In return, the annuitant receives a guaranteed, stable stream of income for life. As the term... more »

Retirement plans come in a variety of accounts recognized by the IRS. One such account is a 403a annuity that is a company-sponsored retirement plan. These plans are tax deferred, with the investment held under the shelter of an annuity. There are several requirements that a 403a annuity must maintain in order to qualify for its tax... more »

If you retire due to disability, the amounts that you receive as pension or retirement annuities have to be reported as taxable income, with certain exceptions. Any amounts you receive from an accident and health plan paid for entirely by your employer must be included in taxable income. However, if you paid part or all of the plan... more »

Individual Retirement Agreements (IRAs) can be set up in many different ways. When a person refers to a Traditional IRA, they are referring to the tax structure of the account that allows persons under the age of 70 1/2 to contribute up to $5000 ($6000 for those over 50) into a tax deferred account each year. They can additionally... more »