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What does it mean the the next annuity payment will be fully taxable?
Wiki User
∙ 10y ago
If this a payment to you from your annuity then the total amount of the payment being made to you is from the interest you made during the growth of the annuity. Since the interest grew tax-deferred you must pay the taxes owed on that portion when it is removed from the product. It seems that the company is using the LIFO method of distribution which is Last In First Out. This means that any interest added to the product will be paid out first in most cases whereas taxes will be do on that money since you have not already paid taxes on this growth.
Wiki User
∙ 10y ago
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How good is the vanguard variable annuity?
Annuities usually mean large fees and higher tax rates. However, Vanguard tends to stand separate from all others. It is beats its competitors by 70% in managed mutual funds. However, investors have a 5% chance of doing better with Vanguard Variable annuity.
What does By Then mean?
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It mean they had an orgasm.
What dose cur mean?
a mean, cowardly person.
What does about mean in mathematical terms?
about in mathematical terms mean to round!
What does the word reprise mean?
an annual deduction, duty, or payment out of a manor or estate, as an annuity or the like.
Will you get the refund even if you had no taxable income after all the tax credits?
Do you mean the stimulus payment? If so, then yes.
What does the term anuity mean?
Annuity is a term that usually relates to financial matters. The word annuity would normally be meant to describe any continuous payment with a fixed total annual amount.
What does it mean to have an insurance annuity?
An insurance annuity is a financial product in the form of an insurance product according to which a seller makes a series of future payments to a buyer in exchange for the immediate payment of a lump sum or a series of regular payments prior to the onset of annuity.
WHAT DO YOU MEAN BY ANNUITY?
An annuity is a contract between you and an insurance company in which you pay a lump-sum payment or a series of payments in exchange for regular payments, which can start right away or at a later date.
What does annuitized mean?
It is the beneficiary of an annuity.
Can you draw annuity?
I assume you mean draw on annuity early. Depends on the type annuity. If deposit type ...yes. If deferred payout annuity...no, (like a pension) not until you reach a certain age.
Your husband has an annuity with a joint survivorship what does this mean?
That means that if your husband predeceases you then the annuity payments would go to you as the survivor.
What does not fit taxable mean on a check stub?
Federal Income Tax (FIT) Taxable
Is a living trust taxable?
Income of a living trust is taxable to the trustees, if that's what you mean.
What does 'annuity' mean?
-noun, plural -ties. 1. a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment. 2. the right to receive such an income, or the duty to make such a payment or payments.----
Do you pay taxes on hazard insurance pay out?
You mean a casualty insurance payout? The amount that is for the loss of property is not taxable - as long as you didn't (and don't) claim a casualty loss on it for tax. (The payment means you have no tax loss).
