How SHOULD Income Annuities Be Taxed?

Here's a tax idea to increase income for retirees while reducing the deficit.

(Image credit: NATALIMIS)

Income annuities are a great way for retirees to get guaranteed income for life, but there’s room for improvement in the way they are taxed. In an earlier blog, I outlined how they are currently taxed, and that while the rules are fair they don’t generate the personal and societal benefits they could.

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Jerry Golden, Investment Adviser Representative
President, Golden Retirement Advisors Inc.

Jerry Golden is the founder and CEO of Golden Retirement Advisors Inc. He specializes in helping consumers create retirement plans that provide income that cannot be outlived. Find out more at, where consumers can explore all types of income annuity options, anonymously and at no cost.