Do I have to pay annual taxes on my fixed annuities?

Do I have to pay annual taxes on my fixed annuities?
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1 Answer

Answer :

No, fixed annuities are generally tax-deferred. You will pay taxes on it when you remove the money from the annuity. Fixed annuities are not taxed so no you would not have to. You can find out more facts about how they work by visiting www.moneymanagment.info.
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Related questions

Which fixed annuities pay the best for investments?

Description : Which fixed annuities pay the best for investments?

Last Answer : Fixed annuties are guaranteed to drop below a preset or fixed return on your investment. They are usually tied to the stock market. For a review of different type of annuities check out www. ... surrender charges. All of these factors are to be considered when looking for the best returns paid.

How often do fixed annuities pay?

Description : How often do fixed annuities pay?

Last Answer : Fixed annuities pay every year.

What Are Some Good Things About Fixed Annuities Rates?

Description : What Are Some Good Things About Fixed Annuities Rates?

Last Answer : Fixed annuities rates means that the amount of interest a personowns downs not go up or down. As the term annuity also suggests,the interest on these funds is paid out yearly. Although thesefunds ... , usually largeamount, and receives payments at a later date or at a series ofspecified dates.B

What are fixed annuities and how do they work?

Description : What are fixed annuities and how do they work?

Last Answer : Fixed annuities are like CD's but are geared toward retirement savings.

What are some of the best investments with the best fixed annuities for a 10,000 investment?

Description : What are some of the best investments with the best fixed annuities for a 10,000 investment?

Last Answer : annuityinvestmentguide.com is a great way to help guide you through choosing.

What companies offer fixed annuities?

Description : What companies offer fixed annuities?

Last Answer : Fixed annuities are offered by many companies, the top companies are Metlife, ING, Mass Mutual, Prudential, Pacific Life an John Hancock Annuities. It is best to contact at least three companies to compare rates and types of annuities before committing to one company.

I can buy my own stocks through sites like e-Trade and Schwab and Fidelity. I do my own banking with the bank's web site. Why do I have to buy annuities through a broker (human being)?

Description : I can buy my own stocks through sites like e-Trade and Schwab and Fidelity. I do my own banking with the bank's web site. Why do I have to buy annuities through a broker (human being)?

Last Answer : I'm pretty sure some annuities you can buy direct from the insurer and not a broker. Have you tried going directly to the company website that you are interested in buying from? Maybe the ... brokers. I think some annuities always carry a load and are only sold through some sort of salesperson.

Are annuities a better investment than Certificates of Deposit?

Description : Are annuities a better investment than Certificates of Deposit?

Last Answer : Annuities may be a better investment than a Certificate of Deposit. The interest rate paid on an annuity is typcially higher than that paid on a Certificate of Deposit (CD). However a Certificate of Deposit is ... visit your local bank. When the time comes to cash out a CD is also easier to close.

Can I get an advance on my annuities settlement through my bank?

Description : Can I get an advance on my annuities settlement through my bank?

Last Answer : You can get cash for an annuity, but it's usually done through a third party rather than your bank. You can, however, use an annuity as collateral on a secured loan obtained through a bank.

Are ING variable annuities good for long term investing?

Description : Are ING variable annuities good for long term investing?

Last Answer : I think for long term investing you want to find nonvariable investments to put your money in.

Where can I find out about ING variable annuities?

Description : Where can I find out about ING variable annuities?

Last Answer : Your best bet in finding whether the ING variable annuities are right for you would be to speak with a financial adviser or an ING representative. You can also find out a wide range of information by visiting the ING website.

Where is the information on ING's website about variable annuities?

Description : Where is the information on ING's website about variable annuities?

Last Answer : The direct link to ING variable annuities is http://ing.us/individuals/products-services/annuities/variable-annuities It is best to look into all forms of retirement planning.

Is ING variable annuities a good investment?

Description : Is ING variable annuities a good investment?

Last Answer : Yes, variable annuities can be good long term investments for someone who is planning for their retirement. ING is a large, well-known company. You can get more information from ING's official website.

What are the best ways to gain the benefits of using insurance annuities?

Description : What are the best ways to gain the benefits of using insurance annuities?

Last Answer : Insurance annuities is like investing towards your future. There are many different types of annuities, you should choose one that meets your financial situation.

What steps should I take to give my life insurance in life annuities, as opposed to a lump sum?

Description : What steps should I take to give my life insurance in life annuities, as opposed to a lump sum?

Last Answer : Many life insurance companies simply give you the option for the payout. Simply contact the company and explain this to them, either over the phone or in person is best. You have the right idea, as that way your daughter can't accidentally spend the entire thing.

Should I buy annuities before retirement?

Description : Should I buy annuities before retirement?

Last Answer : There are many types of annuities that you can buy. They are generally divided into two main types: immediate and deferred. After that there are also fixed or variable annuities. In general the ... as possible, rather than after you are retired. As with all investments there is time involved.

Bill Gates resides in a 66,000 sq-ft mansion with 60 ft swimming pool and was assessed by _________ as $125 million and annual property taxes are $991,000. A. King County public records B. Forbes C. PCMag D. None of Above

Description : Bill Gates resides in a 66,000 sq-ft mansion with 60 ft swimming pool and was assessed by _________ as $125 million and annual property taxes are $991,000. A. King County public records B. Forbes C. PCMag D. None of Above

Last Answer : ANSWER: A

Bill Gates resides in a 66,000 sq-ft mansion with 60 ft swimming pool and was assessed by _________ as $125 million and annual property taxes are $991,000. A. King County public records B. Forbes C. PCMag D. None of Above

Description : Bill Gates resides in a 66,000 sq-ft mansion with 60 ft swimming pool and was assessed by _________ as $125 million and annual property taxes are $991,000. A. King County public records B. Forbes C. PCMag D. None of Above

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Last Answer : Ans. Fixed Costs

Value of out put and value added can be distinguished if we know: (1) the value of intermediate consumption (2) the value of net indirect taxes (3) the value of the sales (4) the value of consumption of fixed capital

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Do I have to pay taxes on my deceased father's p/u truck in order to put it in my name?

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Do you have to pay taxes on an insurance settlement?

Description : Do you have to pay taxes on an insurance settlement?

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What state do you pay taxes to if you work at home, but are employed by a company in another state?

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Do you have to pay sales taxes on intangible things sold on the internet?

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Description : Do you pay estimated taxes as a freelancer?

Last Answer : What do you do?

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Description : Republicans: Can we agree to raise taxes enough to pay back the money spent on the wars?

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Last Answer : The last 4 years, I have had to pay the Feds, and got less money back from the State.

When do I have to pay taxes if I'm given stock options for services?

Description : When do I have to pay taxes if I'm given stock options for services?

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What do you do when your boss refuses to pay you, I asked him to hold out taxes, or 1099 me. he keeps telling me the checks have not cleared the bank!

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What do you think I'll have to pay in taxes next year...

Description : What do you think I'll have to pay in taxes next year...

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