how are ira payouts taxed?
<answer> If the annuity is in a Roth IRA, all of the withdrawals will be tax-free as long as you’ve had the Roth for five years and are older than 59½. <context> If the annuity is in a Roth IRA, all of the withdrawals will be tax-free as long as you’ve had the Roth for five years and are older than 59½. Taxes are just one issue to consider when deciding whether or not to convert your annuity into a income stream, however.