14 Annuity Tax Facts to Know

Related: 10 Life Insurance Tax Facts to Know

Annuities have long been a tool in the arsenal of retirement planners. They may be a great fit for some clients, especially those who continually max out their annual 401(k) contributions or for those approaching retirement and seeking another source of steady, guaranteed income. However, the many types of annuities, the benefits they provide your client, and their tax implications can be confusing at times. While there may well be hundreds of annuity tax facts, these are a few of the most important every agent and advisor should know. In the gallery above are 14 important tax and financial planning questions advisors should be aware of regarding annuities, according to ALM's Tax Facts Online. (Graphics: Chris Nicholls/ALM) ___________________

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