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| Annuities come in different shapes and sizes to meet the specific needs of buyers. Annuities are
classified as qualified or non-qualified depending on whether or not they are used within a qualified retirement plan. Fixed, variable, and equity-indexed annuities
can be either qualified or non-qualified annuities. |
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| Qualified annuities |
| A qualified annuity is used to invest or distribute money from an individual retirement account or annuity (IRA). There are two kinds of individual
qualified annuities, Traditional IRA's and Roth IRA's. Eligibility to contribute to a Traditional IRA or a Roth IRA depends on an individual's earned income and age. |
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