What is a Qualified Annuity?
As with a non-qualified, a qualified annuity can provide a guaranteed income for retirement. Moreover, your long-term investment can grow tax-deferred. However, because qualified annuities are purchased with pre-tax funds, this will alter how contributions and withdrawals are taxed. What is a Qualified Annuity?As previously mentioned, a qualified annuity is funded by pre-tax dollars. If you recall, non-qualified annuities are funded with post-tax dollars. Another key difference is that you may have the ability to invest in a qualified annuity via your employer’s retirement plan or a traditiona...