What Are Tax Sheltered Annuities?
- 61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaQualified annuities generally refer to tax deferred annuities is a qualified plan like ab ERISA (Employee Retirement Income Security Act of 1974( qualified plan such as a 410(k). By inserting tax deferred annuities into a qualified plan contribution re-characterizes the basis as taxable during distributions, i.e. the entire annuity distributions are taxable as ordinary income.Answered on August 8, 2013flag this answer
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