Liquidating annuities

22-Dec-2019 03:43

For this reason, annuities are sometimes described as “reverse life insurance.” And, because an annuity’s value grows over time, it also acts as a savings or investment vehicle.Annuities are highly customizable and can vary considerably between insurance companies and even between specific annuities.

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The catch, though, is that the money has to go directly from one annuity provider to the other without ever passing through your hands.The basic rules for annuity taxation The first question in evaluating the tax consequences of cashing in an annuity is what you mean by cashing the annuity in.

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