Category: Retirement

Annuities: Present Value Versus Future Value

June 30, 2024 No Comments

A: The present value of an annuity represents the sum that must be invested now to guarantee a desired payment in the future, while the future value of an annuity is the amount to which current investments will grow over time. What Is an Annuity?

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Are 401(k) withdrawals considered income?

June 30, 2024 No Comments

A: All 401(k) plan withdrawals are considered income and subject to income tax, including capital gains. When you take a premature distribution – a withdrawal before age 59½ from a 401(k), IRA or any other tax-deferred retirement account or annuity – that withdrawal is also

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Annuities: Present Value Versus Future Value

Are 401(k) withdrawals considered income?

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