After Tax Annuities Explained | Roth vs Non Qualified
Retire For Less With The Annuity Expert por Shawn Plummer
Notas del episodio
If you have already maxed out your traditional retirement accounts or simply want more control over your taxes in retirement, an after-tax annuity could be the perfect solution! But what exactly are they, and how do they work?
In this video, Shawn Plummer from The Annuity Expert breaks down the two distinct types of after-tax annuities: Roth IRA Annuities and Non-Qualified Annuities. Shawn explains the strict IRS rules you must follow to get 100% tax-free distributions from a Roth, including the age 59 ½ requirement and the 5-year rule.
You will also learn why high-net-worth investors love Non-Qualified Annuities. Because these are funded with money that has already been taxed, there are absolutely no contribution limits and no Required Minimum Distributions (RMDs)! Shawn also highlights the powerful "Spousal Continuance" feature, whi ...