what is a qualified vs non qualified annuuity
annuities can be purchased using either pre tax or after tax dollars a non qualified annuity is one that has been purchased with after tax dollars a qualified annuity is one that has been purchased with pre tax dollars other qualified plans include 401 k plans and 403 b plans only the earnings of a non qualified annuity are taxed at the time of withdrawal not the contributions as they are after tax money