01 Oct Roth Annuities: What Are They?
Roth Annuities
A Roth annuity combines the benefits of a Roth IRA with an annuity, offering tax-free growth and withdrawals. Like a Roth IRA, contributions to a Roth annuity are made with after-tax dollars, and distributions in retirement are tax-free, as long as specific requirements are met. (Roth Annuities: What Are They?)
Key FAQs
- What is the difference between a Roth IRA and a Roth annuity?
- “A Roth annuity offers tax-free withdrawals and guarantees income, while a Roth IRA provides more flexibility but no income guarantees.”
- Are Roth annuities tax-free?
- “Yes, Roth annuities offer tax-free withdrawals in retirement, similar to Roth IRAs, provided conditions are met.”
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