Pension Protection Act - create tax-free LTC income using taxable gains on non-qualified annuities episode artwork

EPISODE · May 29, 2024 · 13 MIN

Pension Protection Act - create tax-free LTC income using taxable gains on non-qualified annuities

from Preparing For Tomorrow podcast · host Diane Stoddart

This week, Diane shares how the PensionProtection Act passed in 2010 makes it possible to 1035 exchange non-qualified annuities into various LTC plans that generate tax-free income for extended care needs. Not all annuities are tax-free for LTC. LIsten and learn how different rules apply to different annuity forms. If you or somone you know has an annuity that they don't want to use due to many years of taxable earnings when withdrawn, consider 1035 exchanging that into an LTC annuity with tax-free income for long term care. If care is never needed, the annuity is passed to beneficiaries just like other annuities. Let's work together to learn if you can design an LTC plan that saves taxes and dosen't impact your budget. Schedule with me at https://calendly.com/diane-p4t/30min to learn what is available inyour state.

Episode metadata supplied by the publisher feed · Published May 29, 2024

Embed this episode

Ready to play

Pension Protection Act - create tax-free LTC income using taxable gains on non-qualified annuities

0:00 13:46

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

No similar episodes found.

No similar podcasts found.

Frequently Asked Questions

How long is this episode of Preparing For Tomorrow podcast?

This episode is 13 minutes long.

When was this Preparing For Tomorrow podcast episode published?

This episode was published on May 29, 2024.

Can I download this Preparing For Tomorrow podcast episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.
URL copied to clipboard!