Partial annuitization of a portfolio stabilizes the legacy value of the assets.» (thinkadvisor.com)
The specifics of how annuities are taxed change based on what type of annuity you buy and what type of annuitization option you select, as well as whether you purchase the contract with pre-tax or after - tax money. (massmutual.com)
No matter what type of annuitization option you choose, keep in mind that annuity payments may be subject to tax. (massmutual.com)