It’s no secret that annuities play a pivotal role in retirement planning, providing a steady income. Despite certain tax advantages, annuity taxation has several intricacies that must be understood ...

The new deduction can lower your taxable income and thus your combined income. It's estimated that 90% of seniors will now pay no federal income tax on their Social Security benefits. Some other ...

Favorable tax treatment is one of the main reasons for buying an annuity. But what exactly are the tax benefits? And are there any drawbacks? It's important to know the answers to these questions ...

Jimmy Carter recently became the first president to reach 100 years old. Fortunately, he had no worries about running out of money. His net worth is estimated at $10 million, and his presidential ...

Many investors use annuities as part of their overall financial planning, and these insurance-company products come with some interesting tax benefits. However, along with those benefits, you also ...

The threat to the tax-deferred status of retirement vehicles, including annuities, is once again at the forefront of concerns for the Insured Retirement Institute. With Congress preparing a new tax ...

Are you employed by an educational institution, church, or nonprofit? If so, there’s a retirement savings program authorized by section 403(b) of the Internal Revenue Code that allows eligible ...

As tax season nears end, now is the ideal time to strengthen your long-term savings and take full advantage of available tax ...

When considering where to put your money for retirement, you may have to choose between an IRA and an annuity. These financial “vehicles” are set up to ensure guaranteed income down the road that can ...