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.
Even better, any 2010 rollover from a traditional IRA to a Roth gets special tax treatment. Any taxable income included in the rollover doesn't have to be reported on 2010 taxes. Instead, you can include that money as income in equal amounts in 2011 and 2012 and pay associated taxes when you file those tax returns.oth individual retirement accounts don't offer an immediate tax savings as do some traditional IRA contributions. Rather, the taxed money you put in a Roth grows tax-free and you owe Uncle Sam nothing when you withdraw the funds as long as you're at least 59Â½ and have had the account for at least five years.