When i close my tax sheltered annuity account do i need to pay taxes on the withdrawn money? - annuity account
My opinion is that tax revenue is protected the same as a 410k or 403B is that correct?
Sunday, January 10, 2010
Annuity Account When I Close My Tax Sheltered Annuity Account Do I Need To Pay Taxes On The Withdrawn Money?
Subscribe to:
Post Comments (Atom)
2 comments:
a) If the rent is not qualified to say. not an IRA or 401k or 403B
then you have to pay taxes as ordinary income.
b) If you are under 59 1 / 2, then profits are earned subject to additional IRS penalties by 10%.
If you are eligible for retirement into account, the money is as ordinary income and subject to the condition b) is taxed.
If you are not satisfied, Ernst & Young
(Joke)
Post a Comment