[Series 6] 16, Variable Annuity Taxation
This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the Series 6 Exam.In this episode you will learn:- How tax-deferred growth works within a variable annuity's separate account.- The Last-In, First-Out (LIFO) method for taxing withdrawals from non-qualified annuities.- How to calculate the taxable portion of a partial withdrawal and identify the remaining cost basis.-…
The skinny
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