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.
-- You won't have to pay taxes on Roth withdrawals in retirement -- but you would have to pay taxes on withdrawals from a traditional IRA (which many people roll their 401(k) assets into after leaving a job).See Why You Need a Roth IRA to learn more about the benefits of this retirement-savings account.- You won't have to pay taxes on Roth withdrawals in retirement -- but you would have to pay taxes on withdrawals from a traditional IRA (which many people roll their 401(k) assets into after leaving a job).