Are you rolling over a 401(k) or depositing cash into an annuity and wondering how the IRS is going to tax your money? Don't get caught off guard by the massive difference between Qualified and Non-Qualified contracts! 🛑💸

In this candid, off-the-cuff video, Shawn Plummer from The Annuity Expert breaks down exactly how the IRS treats your retirement savings. Shawn explains that Qualified Annuities are funded with pre-tax money (like a 401k, 403b, or pension rollover). Because this money has never been taxed, 100% of your future withdrawals will be taxed as ordinary income, and the government will legally force you to take Required Minimum Distributions (RMDs) starting at age 73! Shawn also reveals the massive Roth IRA exception that allows for 100% tax-free lifetime income, as well as the QLAC loophole to defer up to $210,000 of your RMDs  ...