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.
An individual retirement account can invest in a wide range of assets, including units of master limited partnerships. Although IRAs shield investment income from current taxes, MLPs can generate unrelated business taxable income, or UBTI, that can require your IRA to make tax payments.he IRS taxes UBTI using trust rates, which are steep. In 2013 the top trust tax rate of 39.6 percent kicks in on a mere $11,950 of income. The IRS exempts the first $1,000 of UBTI from taxes.