For population 25 years and over in Kite: 1  High school or higher: 63.8%. 2  Bachelor's degree or higher: 3.0%. 3  Graduate or professional degree: 2.0%. 4  Mean travel time to work (commute): 30.5 minutes.
If the annuity is in a Roth IRA, all of the withdrawals will be tax-free as long as youâve had the Roth for five years and are older than 59Â½. Taxes are just one issue to consider when deciding whether or not to convert your annuity into a income stream, however.
â¢ Roll over the shares to your IRA and pay tax at ordinary rates (30%) later, $100,000 = total tax = $30,000. You save almost half of the tax by using the net unrealized appreciation rules. Note that you may opt to use NUA treatment for only some of your employerâs shares and rollover the rest. Note the following: Many companies hold employerâs stock in âstock funds,â the units of which are composed of shares of stock and cash.