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Tweety1956
New Member

Is an annuity Pretaxed and not taxed at distribution? Is military retirement an annuity and actually self funded by veteran (and partially matched maybe by govt)?

 
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Rainman12
Level 9

Is an annuity Pretaxed and not taxed at distribution? Is military retirement an annuity and actually self funded by veteran (and partially matched maybe by govt)?

Military retirement is Not an annuity, and is fully taxed at the Federal level. Many options exist for annuities with regard to taxable amounts. Most are a mix with taxable portion being less than gross amount.

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3 Replies
Rainman12
Level 9

Is an annuity Pretaxed and not taxed at distribution? Is military retirement an annuity and actually self funded by veteran (and partially matched maybe by govt)?

Military retirement is Not an annuity, and is fully taxed at the Federal level. Many options exist for annuities with regard to taxable amounts. Most are a mix with taxable portion being less than gross amount.

View solution in original post

Tweety1956
New Member

Is an annuity Pretaxed and not taxed at distribution? Is military retirement an annuity and actually self funded by veteran (and partially matched maybe by govt)?

thank you for clarification
Rainman12
Level 9

Is an annuity Pretaxed and not taxed at distribution? Is military retirement an annuity and actually self funded by veteran (and partially matched maybe by govt)?

You're quite welcome! ...
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