With a deferred annuity, IRS rules state that you must withdraw ... As mentioned above, each payment includes both taxable interest and tax-free return of your premium. The exclusion ratio depends ...

State governments are the primary regulators of annuities. Insurance departments in each state oversee the licensing of agents, the setting of policy and the financial stability of insurance ...

Annuities are among the most commonly misunderstood and misused financial products. There are so many different types of ...

Assemblyman William Magnarelli, D-Syracuse, has introduced a new version of a bill that would phase in an increase in the ...

While an automatic 24% is withheld upfront, you would almost certainly owe a total of 37% when you file your 2024 tax return.

For example, if you’re paying 25% in combined federal and state income taxes ... after you reach age 70½. Each withdrawal is fully taxable. But nonqualified annuities are not subject to ...