Retirees exceptionally like annuities since annuities can assure them an income for lifetime. However some retirees will die before beginning their annuity or receiving all their guaranteed annuity benefits. Their beneficiaries will then receive those benefits. This article clarifies how those beneficiaries are taxed on those benefits.
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August 5, 2011
What Are the Tax Consequences to the Beneficiary of My Annuity
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