I've been talking to an investment advisor and he made a statement that I'd like to verify because I think he's incorrect.

He says that if you have an annuity in an ira and start taking annuity payments, those amounts, while taxable as ordinary income (assuming all the ira funds were originally tax deferred), do not count in the calculation for whether your social security income is taxable. As far as I can find online it appears that it would count.

Do you have any tax experts that can verify who is correct.