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.
Generally, IRA distributions appear in box 1. When the payer computes tax on the distribution, he adds it to box 2a. Otherwise, he checks the first box in 2b to indicate the taxpayer has to figure whether taxes are owed on the distribution.