Talk of The Villages Florida - View Single Post - If you pulled 250k out of the stock market....where would you put it?
Thread: If you pulled 250k out of the stock market....where would you put it?
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Old 08-02-2009, 12:46 PM
NJblue NJblue is offline
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Quote:
Originally Posted by spk7951 View Post
Do not forget to look into the tax consequences involved with annuities. When we were looking into annuities last month we were told that we could expect to pay higher income taxes when drawing a monthly check from an annuity vs using our existing CD's.
I am aware of the consequences of annuity payments versus dividends and/or capital gains from a portfolio of equities (the annuity is taxed as income and the the others are at a reduced rate - for now). However, I'm not aware of any differences between interest from CDs versus annuity payments. It seems that both are charged as income. Can you elaborate?