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What are “qualified” and “nonqualified” annuities?

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What are “qualified” and “nonqualified” annuities?

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Qualified annuities are sold as part of a tax-qualified plan such as an IRA, Keogh, SEP, or company pension plan, and Nonqualified annuities are not used to fund a tax qualified plan such as an IRA, Keogh, SEP, SEP IRA, or TSA

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