Let’s Compare Qualified and Non-Qualified Annuities

April 20, 2022
Qualified Non-Qualified
Funded with pre-tax money. Funded with post-tax money.
Taxes are paid after retirement when distributions are made. No income taxes paid on principal upon withdrawal. Taxes are only due on interest earned.
Less expensive to fund now. Tax savings occurs immediately. More expensive to fund now. Tax savings occurs in the future.
Traditional retirement accounts such as 401k and IRAs are qualified retirement savings vehicles. Withdrawals are taken from accrued interest first and are taxed until all interest is paid, then principal is paid out tax free.
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