Buy low and sell high, there may not be any tax liability! Did you know the tax law changed on Capital Gains? Do you know how important it is to understand short term and long-term tax brackets? Knowing the difference and how to use them when it comes to investing and tax harvesting can make [...]
Annuities are designed as long term vehicles to be used later in life — at least until age 59 ½. To make annuity owners focus on their use later in life, the IRS imposes a 10% additional tax for any annuity accessed before that age minimum of 59 ½. The tax is in addition to any income taxes which may also be due on a pre-59 ½ distributions.