Tag: non-taxable income

SPIA First-In First-Out (FIFO), What’s Going On? Old IRS Tables Clash With Current Annuity Pricing

Due to old and unmodified IRS life expectancy tables, particularly table V and VIII, many immediate annuities (mortality polled income contracts) may produce income tax advantages in the form of a “non-taxable” income source.  Of course, non-taxable income is not the same as tax free income.  How is this possible?  It’s possible because these old IRS tables still assume shorter life expectancies derived from 1970s and earlier data.  The shorter…

New Podcast Interview

David Macchia's Outstanding Advisor Podcast S01 E04 - Gary Mettler | Outstanding Advisor Podcast #004 >LISTEN HERE<