Ken Smith's video: Navigating the Annuity Tax Trap with Ken Smith

In Navigating the Annuity Tax Trap we talk about how the basics of annuities, how they are taxed, whether they make sense for most (no), and the law, the Pension Protection Act of 2006 that allows us to use the proceeds for Long Term Care insurance (LTC Insurance) TAX FREE . As well as the different types of annuities, why you might or might not buy one. But most importantly how you can avoid the ordinary income taxation that typically comes with withdrawing money from you annuity, with the added bonus of having long term care insurance directly from your annuity. In other words how do I get out of an annuity. Check my other videos in my Insurance and Investing playlist, or if you are an outdoorsman check out my 300+ fishing videos and all of those playlists as well.