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Inheriting an annuity can be a complicated process and can give you a hefty tax bill, or possibly even knock you into a higher tax bracket. If youâve inherited an annuity, your best bet is to talk to a qualified financial professional in Retirement HQâs network to see what your options are. Retirement HQ and their network of insurance and financial professionals do not offer tax or legal advice.
With a lifetime income annuity, you will have a guaranteed stream of income throughout your life. Retirement can last between 20 and 30 years, and sometimes even longer. Make sure that you have a retirement income plan in place to support the lifestyle you want through your retirement.2.ertain annuities provide protection of principal, a guarantee on the portion of your assets that you invest in an annuity. The guarantees included with annuities may be a way to strengthen your retirement portfolio. 2.