Tax Planning for Required Spousal Annuities Under Qualified Retirement Plans and TSAs

20 Pages Posted: 16 Nov 2007 Last revised: 22 Jan 2016

Abstract

A qualified retirement plan must generally provide a lifetime annuity to an employee's surviving spouse unless the employee and spouse agree to waive the annuity. If they do waive the annuity, payment of plan benefits depends on other available plan options. This article discusses the spousal annuity requirements and the tax consequences of receiving or waiving a spousal annuity, primarily from the perspective of employees and their spouses. Tax planning for spousal annuities revolves mainly around (1) changes in the timing and form of benefit payments, (2) a spouse's refusal to consent to the waiver of an annuity, (3) marriage or divorce, and (4) the distribution of an annuity.

Suggested Citation

Blankenship, Vorris J., Tax Planning for Required Spousal Annuities Under Qualified Retirement Plans and TSAs. Tax Notes, Vol. 117, No. 8, November 19, 2007, Available at SSRN: https://ssrn.com/abstract=1030502

Vorris J. Blankenship (Contact Author)

Tax Planning for Retirees ( email )

3120 Texas Hill Rd
Placerville, CA 95667
United States

HOME PAGE: http://www.retirement-taxplanning.com/index.html

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