0
What else can I help you with?
What is a deferred annuity?
An annuity that will not begin until some time period in the future.A deferred annuity is an annuity in which the taxes due on any taxable portion is deferred until you start to withdraw from the annuity. It is a way of compounding interest on the money you would normally paid taxes on if not in a ta deferred annuity. In a way it is like using the government's money to make you money.
What is a deferred annuity fund?
A deferred annuity fund is an annuity contract that does not pay out income or installments until the customer decides to withdraw the funds from the account.
Can you lose money with an annuity?
Yes, it is possible to lose money with an annuity if the investments within the annuity perform poorly or if there are high fees associated with the annuity.
What is the difference between a qualify annuity and non qualifying annuity?
You mean qualified. It refers to the tax status of the funds inside it. If funds are qualified that is IRS/investment lingo for pre tax money, such as money in a 401K, IRA, or 403b. Non qualified obviously is money that income tax has already been paid on. Taxes in an annuity are defered until you use the money. In a qualified annuity all of the money would be subject to income tax upon withdrawal. In a non qualified annuity only the gains would be taxed. But since it is tax deferred you pay your income tax rate, not capital gains taxes. The original amount invested is not subject to tax when you withdraw it.
Can you lose money in an annuity?
Yes, it is possible to lose money in an annuity if the investments within the annuity perform poorly or if there are fees that reduce the value of the account.
What is a deferred annuity?
An annuity that will not begin until some time period in the future.A deferred annuity is an annuity in which the taxes due on any taxable portion is deferred until you start to withdraw from the annuity. It is a way of compounding interest on the money you would normally paid taxes on if not in a ta deferred annuity. In a way it is like using the government's money to make you money.
Is a deferred annuity an annuity in which the equal payments will begin at some furture point in time?
A deferred annuity is a product by which the money within the product grows at a tax deferred rate. This means that you do not have to pay taxes on the portion of money that is taxable until you begin to withdraw it. With an annuity there are many ways to remove money from them.
What is annuity fund?
A deferred annuity fund is an annuity contract that does not pay out income or installments until the customer decides to withdraw the funds from the account.
What is a deferred annuity fund?
A deferred annuity fund is an annuity contract that does not pay out income or installments until the customer decides to withdraw the funds from the account.
Can you lose money with an annuity?
Yes, it is possible to lose money with an annuity if the investments within the annuity perform poorly or if there are high fees associated with the annuity.
What is the difference between a qualify annuity and non qualifying annuity?
You mean qualified. It refers to the tax status of the funds inside it. If funds are qualified that is IRS/investment lingo for pre tax money, such as money in a 401K, IRA, or 403b. Non qualified obviously is money that income tax has already been paid on. Taxes in an annuity are defered until you use the money. In a qualified annuity all of the money would be subject to income tax upon withdrawal. In a non qualified annuity only the gains would be taxed. But since it is tax deferred you pay your income tax rate, not capital gains taxes. The original amount invested is not subject to tax when you withdraw it.
Can you lose money in an annuity?
Yes, it is possible to lose money in an annuity if the investments within the annuity perform poorly or if there are fees that reduce the value of the account.
Can you lose money on an annuity?
Yes, it is possible to lose money on an annuity if the investments underlying the annuity perform poorly or if fees and expenses outweigh the returns.
Can you add money to an annuity?
Yes, you can add money to an annuity through additional contributions or premium payments.
Can you lose your money in an annuity?
Yes, it is possible to lose money in an annuity if the investments within the annuity perform poorly or if there are fees and penalties associated with early withdrawals.
What is a pure annuity?
money
What do you have to do to get a withdrawal form from AIG All you want is to withdraw a small amount of interest from your annuity?
Go to the personnel office.
