turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

rp29
Level 1

Are annuity contributions just returns generated by the annuity?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
ThomasM125
Employee Tax Expert

Are annuity contributions just returns generated by the annuity?

No, an annuity contribution is an amount paid in to an insurance company that then invests the funds so that in retirement you will have a steady stream of distributions available to you.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
rp29
Level 1

Are annuity contributions just returns generated by the annuity?

Thanks, that's what I was hoping for.

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question