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.
Here are a few IRA basics 1  : A Traditional IRA gives you a tax break up front (in the form of a deduction on your income taxes). 2  After that, the principal and earnings grow tax-free. 3  When you finally retire, you then pay income taxes on the money you withdraw.n IRA is setup by an individual. So unlike a 401k, there are no ties or connections or restrictions from your employer. No matter where you go and what you do, the money is yours to do with as you please.