Complete the table below by placing an "X" under each heading that classifies the cost Items may be under more than one classification.
Definitions:
Tax-Free
Tax-free refers to certain financial products or transactions that are not subject to tax by the government, such as certain municipal bonds or qualified withdrawals from a Roth IRA.
Single Life Annuity
An insurance product that provides a retiree with regular payments for the rest of their life, with no survivor benefits after their death.
Tax-Free Amount
The portion of income or a financial distribution that is not subject to taxation by authorities.
Roth IRA
An individual retirement account allowing post-tax contributions with the benefit of tax-free withdrawals under certain conditions.
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