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.
The Internal Revenue Service has special rules for withdrawing money from IRAs in the event you become disabled. Normally, you must pay income taxes and a 10 percent penalty tax on money removed from your traditional or Roth IRA before you reach age 59 1/2.The IRS will lift some of the restrictions for a disability withdrawal, but the rules are different for traditional and Roth IRAs.owever, money taken out of a traditional IRA is still subject to ordinary income taxes. You must report the withdrawal on your tax return and pay taxes due for the year the withdrawal is made.