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.
For employees with a 401(k) or similar type of workplace retirement account, the tax deduction for IRA contributions is phased out for singles and heads of household who have modified adjusted gross incomes (AGI) between $58,000 and $68,000 in 2012 ($92,000 to $112,000 for couples).