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Return To Annuity FAQ Archive   Search the Archives Is an annuity identical to an IRA? Answered By Ammon Yorke, Editor Annuity can not be identical with IRA or internal revenue allotment, though the former is often used to fund the latter. Many sales are classified as non-qualified annuities with premiums or contributions derived form after-tax transactions. This means that money set down into a non-qualified annuity are free form deduction. However, no government regulations are imposed on the maximum premium can proceed into an annuity account and the release of funds do not materialize until the age 70 ½ . --- permission must be obtained from editor Ammon Yorke to re-publish --- keywords: Annuities | Annuity | IRA Annuity Appointments

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