Gateway Financial Partners - Tim Hammond

One of the things we love most at Gateway Financial Partners is meeting people where they are.

Whether it's a lunch presentation or a community workshop, we're committed to making financial education more accessible — covering topics like estate planning and preparing for taxes in retirement.

If you're interested in having our team present to yours, we'd love to connect.

602-975-3737
[email protected]

Annuities are often discussed in terms of income, but the tax treatment can be just as important to understand.

One key distinction is how the annuity is funded:
• Qualified annuities (funded with pre-tax dollars) are generally fully taxable when withdrawn
• Non-qualified annuities (funded with after-tax dollars) may include a mix of taxable earnings and non-taxable return of principal

In many cases, earnings grow tax-deferred until withdrawals begin, which can affect how income shows up later.

Kiplinger has more:
https://www.kiplinger.com/retirement/annuities/602248/how-annuities-are-taxed

How Are Annuity Withdrawals Taxed? Annuities offer powerful tax advantages and have a few pitfalls (that are avoidable). Here's how to cut your taxes and avoid surprises.

Happy Mother's Day to two women I'm incredibly grateful for. My mom Joyce has always been someone I could count on. Her love and steadiness shaped a lot of who I am today. And my wife Libby raises five kids, keeps our family grounded, and still makes time for adventure. No small feat.

Wishing a wonderful Mother's Day to all the moms in our Gateway Financial Partners community, we hope you feel appreciated today.

Today, we celebrate the women who have shaped us, supported us, encouraged us, and loved us through every season. Happy Mother’s Day.