Another thing to keep in mind is that annuity withdrawals are taxed differently from other investments.... let's say you put in $1 million and it grows to $1.5 million.
In a nondeductible IRA, if you take out $100k, it is $33k of ordinary income and $67k of basis.
In an annuity, the first $500k withdrawn would be ordinary income and any amounts withdrawn after income is exhausted would be principal... so a $100k withdrawal would be $100k of income for the first 5 years and $0 income thereafter.
At the end of the day both are tax deferred and only the $500k of growth is taxed but the timing is very different.
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If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56...target 65/35/0 AA TBD
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