When it comes to filing income tax returns, getting the lowest tax liability is not just about skill, it's about what you know. Unfortunately, many taxpayers lose deductions and...
Posted by Flynn Financial Group Inc on 04/29/2021
This is an employer-sponsored pension plan that offers qualified employees a guaranteed payment during retirement. This is an alternative to the defined contribution plan, which allows...
Posted by Carmen Garcia on 04/21/2021
One of the primary reasons people buy annuities is the favorable tax treatment. However, even if annuity comes with tax benefits, it does not rule out the drawbacks. As a result, one...
Posted by Stevenson Tax and Accounting, Inc. on 03/18/2021
If you buy an annuity in pre-tax dollars, the annuity payments will be fully taxed as income. If you purchase an annuity with after-tax funds, you only have to pay income tax. Annuities...
Posted by Don Bell Law on 01/07/2021
Variable annuities are packed with tax benefits which is why investors are in love with it. Until you take the money out, it will compound tax-free. The products are selling at the...
Posted by Carmen Garcia on 07/09/2020
Many people dread retirement. This is not surprising as the monthly paycheck has seized coming in. As a result, it is a good idea to consider low-interest investment opportunities...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 06/10/2020
It is vital to consider ways to secure our finances when we retired. This is where annuities come in. They provide a steady and guaranteed stream of income for as long as we are alive....
Posted by Advanced Accounting & Tax Planning on 05/17/2020
A lot has changed since the past decade. First, during the most recent recession, the country has witnessed retirement offerings shifted to a more do-it-yourself approach from employer-based...
A 1035 Annuity Exchange is a rule in Section 1035 of the Internal Revenue Code that allows the exchange of life or tax policies for a differed annuity contract that best suits the...
Posted by YourIRSTaxAdvocate.com on 02/15/2020
