Are annuities that are inherited taxable if you withdraw the funds?

Depends. You don't pay tax on inherited property, except qualified monies, ie. IRAs.

If the annuity is a traditional IRA, then the money is taxed when withdrawn. There are rules for when you must withdraw funds from an inherited IRA, annuity or otherwise.

If the annuity is non-qualified, not an IRA, then only the gain is taxed when withdrawn. If you annuitize, also known as taking an income stream, the taxable portion is prorated with tax-free return of principle.

If you take money out without annuitizing, all the taxable profit comes out first, then principle.

Example: Annuity has $100,000 of which $20,000 is gain.

If you don't annuitize, the $20,000 taxable profit comes out first.

If you annuitize, 80% of each payment is a return of principle and 20% is taxable gain.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.