Non-qualified annuities are funded by dollars that have already been taxed, according to annuities expert Hersh Stern for Qualified annuities are typically tied to federally approved retirement pl... More » Business & Finance Financial Planning

Use the 1099-R form to file and report a non-qualified annuity, according to John Hancock Annuities. The 1099-R form will report the federal income tax withheld from the previous year's distributions, the gross distribut... More » Business & Finance Taxes Income Tax

A nonqualified annuity is any annuity not used to fund a tax-advantaged retirement plan or IRA, according to Amerprise. Nonqualified annuities are funded with after-tax dollars. Nonqualified annuity premiums are not tax ... More » Business & Finance Investing
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Immediate annuities offering a stream of income immediately and deferred annuities providing balance growth until a future payout date are the two most common annuity options, as Forbes claims. Annuity contracts allow in... More » Business & Finance Financial Planning

Among the rules set by the Internal Revenue Service, or IRS, regarding required minimum distributions (RDS) for annuities is that once the age of 70½ has been reached, the contributor is expected to start making removals... More » Business & Finance Financial Planning

Some annuities with high payout rates as of September 2015 include Sentinel Security Life, Guggenheim Life and Annuity, Midland National Life, North American and Delaware Life, states Immediate Annuities. These annuities... More » Business & Finance Financial Planning

Sell annuities through settlement companies such as J.G. Wentworth, which also purchases structured settlements, notes Bankrate. Be aware that selling annuities before the age of 59 1/2 can lead to surrender charges of u... More » Business & Finance Financial Planning