Annuity

glspage — Wed, 26 Jul 2023 16:06:02 GMT

Any tips on saving taxes on annuity payments?

Re: Annuity

CatherineR — Wed, 26 Jul 2023 16:19:08 GMT

Hello Glspage,

Great question on annuities! Here are some general resource from Turbo Tax that discusses retirement income in general:

For more detailed information about annuities it would be best to discuss your situation with a financial planner. Tax impact has to take into account your entire tax situation and not just only the annuity distribution aspect. I hope this helps and good luck in retirement.

topic Re: Annuity in Retirement tax questions

Annuity

Re: Annuity