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.
Tax Treatment of Inherited IRAs. The big thing to remember is that you will have to pay income tax at your ordinary income tax rate when you take an IRA withdrawal from an inherited IRA â just like any other IRA.The difference is that there are Inherited IRA Required Minimum Distributions that you need to be aware of.ll distributions are subject to tax according to your ordinary income tax rate. If the IRA account owner had NOT already begun taking his or her RMD, then the IRA beneficiary has the option of âstretchingâ the distributions.