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Examples
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The regulations and statute are ambiguous as to non-qualified annuities, but my understanding is that such annuities say, from winning the lottery or as a form of investment are reported as an asset on the FAFSA.Distributions from annuities that are not reported as an asset on the FAFSA are treated as income to the beneficiary on the subsequent year's FAFSA.
Campus Overload Live with Jenna Johnson: Understanding FAFSA 2011
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In addition, the aggregate balance of his non-qualified deferred compensation is $90.7 million.
J&J CEO's Total Pay Falls 7% Peter Loftus 2011
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If the administration wants to lower academic standards to allow non-qualified student-athletes to graduate, I guess we would have to live with it.
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Swell, yet another non-qualified candidate for Congress.
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How does FAFSA treat assets held in non-qualified variable annuities meaning not part of any retirement plan?
Campus Overload Live with Jenna Johnson: Understanding FAFSA 2011
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The bottom line is that you're getting no additional tax advantage but, in most cases, you're getting all the downsides of a non-qualified variable annuity that we discussed previously (including the high costs and surrender fees) inside your retirement account.
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One of the major differences between non-qualified variable annuities and qualified variable annuities is that the investor who purchases a non-qualified annuity has the option to choose to buy or not buy.
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One of the major differences between non-qualified variable annuities and qualified variable annuities is that the investor who purchases a non-qualified annuity has the option to choose to buy or not buy.
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In our two previous columns here and here we discussed some of the bad features of high-cost deferred variable annuities purchased with after-tax dollars (non-qualified annuities) and a few of the possible situations where a low-cost non-qualified variable annuity might make sense.
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In our two previous columns here and here we discussed some of the bad features of high-cost deferred variable annuities purchased with after-tax dollars (non-qualified annuities) and a few of the possible situations where a low-cost non-qualified variable annuity might make sense.
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