Annuities are important and valuable policies for many senior
citizens in the USA. Sometimes, however, any one of us may have need to
plan for the future differently. Our plans may change, we may require
cash fast and decide to sell the annuity or part of it for a large lump
of cash.
Annuities are usually paid annually in small amounts and for some people, it may not be enough to support their lifestyle. Many people need cash today to invest in their own business even after retirement, some may have loans to pay off, or many people with good financial standing would rather have a large sum in advance, than having small payments deposited annually. Selling your annuity may give you more leverage for your "future" money, today.
It must be noted that selling your annuity, may have tax implications so it would be wise to have some idea of your situation.
There are a few reputable financial companies on the market that will work with you and based on your situation, provide you with the plan that may suit you best.
Even if you have already decided to sell your annuity, it would be extremely wise to shop around. This point cannot be stressed enough, as many people accept the first offer they come across and think this is the best they can do. Because of the years involved, even a small percentage variation in time periods can mean difference in hundreds of dollars in, or out of your pocket.
Use the internet, obtain as many quotes as you can, and make informed decisions. In addition you will gain more knowledge in the process.
Annuities are usually paid annually in small amounts and for some people, it may not be enough to support their lifestyle. Many people need cash today to invest in their own business even after retirement, some may have loans to pay off, or many people with good financial standing would rather have a large sum in advance, than having small payments deposited annually. Selling your annuity may give you more leverage for your "future" money, today.
It must be noted that selling your annuity, may have tax implications so it would be wise to have some idea of your situation.
There are a few reputable financial companies on the market that will work with you and based on your situation, provide you with the plan that may suit you best.
Even if you have already decided to sell your annuity, it would be extremely wise to shop around. This point cannot be stressed enough, as many people accept the first offer they come across and think this is the best they can do. Because of the years involved, even a small percentage variation in time periods can mean difference in hundreds of dollars in, or out of your pocket.
Use the internet, obtain as many quotes as you can, and make informed decisions. In addition you will gain more knowledge in the process.
1 comments:
There are a few reputable financial companies on the market that will work with you and based on your situation, provide you with the plan that may suit you best. sell my annuity
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