Non Qualified Annuities | Taxes and Liquidity Explained
Retire For Less With The Annuity Expert di Shawn Plummer
Note sull'episodio
If you have extra cash sitting in the bank that you want to grow safely, you might be worried about future IRS restrictions and tax bills. Did you know there is a retirement vehicle that has absolutely NO contribution limits and NO Required Minimum Distributions (RMDs)?
In this video, Shawn Plummer from The Annuity Expert breaks down exactly how a Non-Qualified Annuity works. Because these accounts are funded with "after-tax" money, your original principal is never taxed again, and your gains get to grow with the incredible power of tax-deferred triple compounding!
Shawn also demystifies the confusing tax rules surrounding these contracts. You will learn the critical difference between the "Exclusion Ratio" (used if you annuitize) and the "LIFO" rule (Last In, First Out), which dictates how your taxes are calculated if you use a GuaraΒ ...Β