Assume I am over 60 but under 95. I am looking to withdraw my annuity over a given time, say 10 years, but the money used to initiate the annuity and deposits (the principle) were all paid with after-tax dollars. What will I have to do to ensure that I do not have to pay taxes on this portion of my withdrawal again??
I am actually asking this question on behalf of another, in case that was not already apparent.
A 20 year annuity pays 100 every other year beginning at the end of the second year, with additional payments of 300 each at the ends of years 3, 9, and 15. The effective annual interest rate is 4%. Calculate the present value of the annuity.
A company borrowed $50,000 cash from the bank and signed a 6-year note at 7%. The present value of an annuity for 6 years at 7% is 4.7665. The annual annuity payments equal $10,490. The present value of the loan is
interest rate of 8% compounded annually then the future value of this annunity at the end of 3 years is????
My husband was injured in an auto accident and the settlement was set up in a structured annuity for a 30 year period. # years ago he died, with 25 years left on the annuity, which has passed into his estate and I get the monthly payments. My question is, I have fallen on bad times, fell behind on property taxes and other things and close to loosing my home. Can a structured settlement annuity be terminated and the balance paid?
if the annuity earns 5% per year.
I need to know the year…It is annuity question;-)
to pay taxes. how does that work with filing with the irs?
Pension and SS $52K yearly, no debts. Savings, cd’s mutual funds, IRA’s –Total $365K. We own our own home, have long-term care and a HMO.