Qualified and Non-Qualified Annuities
Below is a frequently asked question about
qualified and nonqualified annuities.
What are the differences
between Qualified and Non-Qualified
Annuities?
Qualified or Non-Qualified
refer to whether the money you bought your
Annuity with is Pre-Tax or After-Tax.
What are Qualified
annuities?
Qualified annuities are
annuities purchased in an IRA, 403(b)
tax-deferred annuity, or other type of
retirement plans. These annuities are bought
with either pre-tax dollars or
tax-deductible contributions.
What are nonqualified
annuities?
Non-Qualified Annuities are
those annuities bought with after-tax
dollars.
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