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Renunciation and Disclaimer of Property from Life Insurance or Annuity Contract Texas Form

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Renunciation and Disclaimer of Property from Life Insurance or Annuity Contract Texas Form

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all right guys in this video we're going to talk about taxation of personal life insurance and annuities so i want to start off kind of just talking about pre-tax and post-tax if you get the basis of what i'm talking about it's going to make it make a lot more sense when we get into the material so pre-tax dollars means you work and you earn money let's say you earn a hundred dollars before uncle sam takes taxes out let's say you put twenty dollars in your retirement one hundred minus twenty is eighty dollars that means eighty dollars is taxable because you put this 20 in pre-tax uncle sam wants taxes when you retire and you go to take the money out all right so pre-tax examples are money that goes into your 401k it's coming directly out of your paycheck goes into your 401k it is taxable when you go to retire and take it out all right so y'all get pre-tax this means the money came out of your earnings before taxes let's ta

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