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Annuity Money Withdrawal
by: Robert Eldridge

All annuities offer some type of liquidity.

Some fixed annuities offer interest only withdrawals in addition to 10% yearly penalty free withdrawals.

There are some annuities that allow for more free withdrawals above 10% a year.

Penalties:

If the client is less than 59 1/2,there could be an IRS early withdrawal penalty for IRA type money.

Conclusion:

Annuities are very liquid but it depends on the product you are purchasing, IRA money, or the amount you want to withdrawal.

I tell my clients that if they need to have a product that is more liquid, annuities are not for you.

Hope this helps,

Robert

money withdrawal

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