11 Questions Clients Have About Annuities and Taxes

September 20, 2022 by Emily Holbrook

Annuities have become a common choice for investors who want to receive a steady income stream in their retirement years. They can be structured to pay income for a set number of years (such as 10 or 20) or for the lifetime of the annuity owner. Further customization is also available for most types of annuities, though fees for such tailored insurance products can get quite high.

Understanding annuities is not as straightforward as it sounds, though, and clients will more often than not have questions regarding the various types of annuities, such as fixed, variable, indexed, and their corresponding tax rules.

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Originally Posted at ThinkAdvisor on September 15, 2022 by Emily Holbrook.