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#2
02-19-2004, 09:00 AM
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 Re: Tax on Annuity As long as you roll it to an IRA there's no tax till you draw from it. "zxcvar" <arouth[at]radiology.umsmed.edu> wrote in message news:f0e5a6c.0402141829.b3e8145[at]posting.google.com... - quote - > Greetings!I have an annuity with 403B plan with a company for last 25 > years. If I take the cash instead of annuity how much tax I have to > pay? How the tax will be calculated? With thanks. |
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#1
02-15-2004, 09:12 PM
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| Re: Tax on Annuity If its qualified money and there are no restrictions in the plan itself, you could roll the money over into another qualified account such as an IRA and still defer taxes. "zxcvar" <arouth[at]radiology.umsmed.edu> wrote in message news:f0e5a6c.0402141829.b3e8145[at]posting.google.com... - quote - > Greetings!I have an annuity with 403B plan with a company for last 25 > years. If I take the cash instead of annuity how much tax I have to > pay? How the tax will be calculated? With thanks. |
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02-15-2004, 05:08 PM
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| Re: Tax on Annuity - quote - > From: arouth[at]radiology.umsmed.edu (zxcvar)
You will pay normal tax rates on that amount in excess of your contributions.> Date: 2/15/04 2:42 AM Pacific Standard Time > Message-id: <f0e5a6c.0402141829.b3e8145[at]posting.google.com > Greetings!I have an annuity with 403B plan with a company for last 25 > years. If I take the cash instead of annuity how much tax I have to > pay? How the tax will be calculated? With thanks. |
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#-1
02-15-2004, 09:42 AM
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| Tax on Annuity Greetings!I have an annuity with 403B plan with a company for last 25 years. If I take the cash instead of annuity how much tax I have to pay? How the tax will be calculated? With thanks. |
| Tags |
| annuity, tax |
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