Annuities

You have several alternatives when it comes to selling your annuity. You have the option of selling the entire thing or just the right to some of your future payments. Selling a portion of your annuity typically involves forfeiting payments for a certain period of time, such as one to three years, or selling a […]

Annuity payments and structured settlements can usually be paid out at any time. You can sell a portion or all of your future structured settlement payments for cash right now. On the selling of structured settlement payments, buying companies charge a discount rate that ranges from 9% to 20%. Can you cash in an existing

Annuity payments and structured settlements can usually be paid out at any time. You can sell a portion or all of your future structured settlement payments for cash right now. On the selling of structured settlement payments, buying companies charge a discount rate that ranges from 9% to 20%. Can I cash in an existing

Annuity payments and structured settlements can usually be paid out at any time. You can sell a portion or all of your future structured settlement payments for cash right now. On the selling of structured settlement payments, buying companies charge a discount rate that ranges from 9% to 20%. Can I cash in my Prudential

Please indicate if there are any fines I could face if I withdraw money from my Liberty RA, which I believe is worth less than R7 000.00. As per my request to Liberty, it is currently paid up. Answer: If you’ve paid up your Liberty RA account, Liberty will usually have deducted any termination fees

A query about the taxes that will be paid while giving a variable annuity to one’s offspring was recently posed of CNN Money. Money Magazine’s Anne C. Lee clarified the ambiguity around variable annuity giving. There are two critical issues to investigate. To begin with, unless the current annuity value exceeds an individual lifetime gift-tax

If you withdraw money from an annuity, you may be subject to a penalty or surrender fee, which is also known as a withdrawal or surrender charge. Surrender charges are included in annuity contracts to compensate the insurance company for the loss if you choose to withdraw before the insurance company can earn interest on

A transfer is the most straightforward way to move money from an eligible annuity to an IRA. All you have to do now is tell the firms that hold your IRA and annuity, as well as complete out the relevant paperwork. Your money flows freely from one account to the next, and you bear no

You will be obliged to pay Uncle Sam a 10% early withdrawal penalty as well as ordinary income tax on your investment returns if you make withdrawals before you reach the age of 59 1/2. (You will not be taxed on the amount you put into the annuity.) If you take withdrawals within the first

Annuity payments and structured settlements can usually be paid out at any time. You can sell a portion or all of your future structured settlement payments for cash right now. On the selling of structured settlement payments, buying companies charge a discount rate that ranges from 9% to 20%. Can you withdraw money from a