Hunter Retired Last Year and Will Receive Annuity Payments for Life

question 2090

Multiple Choice

Hunter retired last year and will receive annuity payments for life from his employer's qualified retirement plan of $30,000 per year starting this year. During his years of employment, Hunter contributed $130,000 to the plan. Based on IRS tables, his life expectancy is 260 months. All of the contributions were on a pre- tax basis. This year, Hunter will include what amount in income?

• A) $30,000
• B) $24,000
• C) $6,000
• D) $0

---

Definitions:

Amount Of Money

The amount of money refers to the total sum of currency and coins in possession or the monetary value of a particular financial transaction or holding.

Degree Of Loneliness

A measurement that quantifies the level of perceived isolation or lack of social connection an individual reports.

Online Relationships

Interpersonal associations, connections, or affiliations established and maintained through internet-based platforms or technologies.

Depressive Symptoms

Behaviors or feelings indicative of depression, such as persistent sadness, loss of interest, or fatigue.