Related — Quiz: Do You Know These RMD Tax Facts?
Some types of guaranteed income annuities utilized today have existed for decades, with billions of dollars in assets annuitized, while others are still best classified as emerging products.
For example, the ongoing proliferation of non-commission-based annuity products has been liberating and exciting for the fee-based financial advisor community, experts say. In fact, advisory industry leaders say their peers must work harder to update their understanding of what is available in the annuity marketplace because things have changed so dramatically.
While there is a lot for the uninitiated advisor to consider, one sensible place to start is with some annuity tax facts. Explore the slideshow to find ThinkAdvisor’s latest Tax Facts Quiz, focused on essential tax concepts pertaining to annuities and guaranteed retirement income.
Only the tax-savviest can ace the test, but all advisors can benefit from the refresher.
Want more tax-focused insights? Find current and accurate answers to your tax questions with Tax Facts.
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