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.
Example: Your 401k distribution is 80% pre-tax and 20% after-tax. You tell the company to pay 80% to your traditional IRA and 20% to your Roth IRA. If these are treated as separate distributions, each one is split 80-20 between pre-tax and after-tax, so 80% of the amount transferred to the Roth would be taxable.