Retirement Income and the Startup phase of a Business

Partial annuitization. If you own a commercial annuity, it's no longer all or nothing. Starting in 2011, you can opt to receive annuity payments on a part of your annuity contract, allowing the rest of the contract to continue to grow (this is called partial annuitization). The only requirement: Payments from the annuity must be set at 10 years or more, or for life. Transfers to Roth accounts. Roth accounts that are part of 401(k) or other qualified plans enable you to create tax-free income. Starting now, you can transfer distributions from a qualified plan to a Roth account. You'll pay tax on the distributions, but will be able to withdraw these amounts any time from the Roth account; income on these amounts becomes tax free after five years. The plan must permit such transfers, so check with the plan's administrator.