18 Sep The IRS Won’t Tell You This: How Roth Annuities Offer More than Just Tax-Free Income
Converting Your IRA to a Roth Annuity
Here’s something the IRS won’t advertise: A Roth Annuity is more than just a tax-free retirement vehicle. Yes, that’s a huge perk, but it’s not the only one. In fact, a study by LIMRA found that 61% of annuity owners said they bought the product for peace of mind, not just tax savings. With a Roth Annuity, you get a rock-solid combination of tax-free income and lifetime financial security, ensuring you never have to worry about market crashes or outliving your savings. (How Roth Annuities Offer More than Just Tax-Free Income)
A Roth Annuity can provide layers of protection that traditional IRAs just can’t match. First, by converting to a Roth, you eliminate RMDs, which can cause unexpected tax liabilities for many retirees. Traditional IRAs force you to withdraw a certain percentage each year starting at age 73, whether you need the money or not. This often pushes retirees into higher tax brackets.
In contrast, Roth Annuities allow for tax-free growth and withdrawals, giving you the flexibility to access your money only when you need it. Moreover, annuities offer guaranteed income for life, meaning you don’t have to worry about depleting your savings, even if the market takes a nosedive.
Converting your IRA to a RetirementPAYDAY Roth Annuity is a powerful step toward securing a tax-free, reliable income in retirement. With this strategy, you can protect your assets from tax hikes and market fluctuations while locking in lifelong financial peace. Don’t let taxes eat away at your retirement—take control of your future today with the RetirementPAYDAY Roth Annuity.
For more insights on retirement planning and converting your IRA to a Roth RetirementPAYADAY Annuity, check out our other related articles here:
- Benefits of Converting Your IRA to a Roth Annuity – The Policy Shop
- Comparing IRA to Roth Annuity Conversions: Which Option is Best for Your Financial Goals? – The Policy Shop
- Convert Your IRA to a Roth Annuity-Estate Planning | RetirementPAYDAY Roth Annuity – The Policy Shop
- Why Convert Your IRA to a RetirementPAYDAY Roth Annuity? – The Policy Shop
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