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.
Traditional IRA â A Traditional IRA gives you a tax break up front. This comes in the form of a deduction on your income taxes (which is why it is often referred to as a tax-deferred IRA). Once invested, the principal and earnings grow tax-free.t retirement, you then pay income taxes on the money you withdraw. Roth IRA â Named after the senator that endorsed it, a Roth IRA is essentially the opposite of a Traditional IRA. You pay your taxes on the money up front when it is first invested. When you do that, you donât get a tax deduction on your income taxes.