Financial Mistake: Not understanding the true liquidity and income features that fixed indexed annuities can provide
Ways to Take Income from an Annuity
With a fixed annuity, your money is not subject to market risk, so accessing cash could not create a situation where you might have to sell an asset at a loss due to the market being down. In the early years of an annuity contract, surrender penalties could occur if you access more money than is allowed by the penalty-free provisions of the contract. However, most of our clients who own fixed annuities have never paid a dime of surrender penalties. This is largely because most fixed annuities offer multiple liquidity provisions to access money without a penalty.
An annuity is designed to provide an income, if needed. Most contracts offer either 2 or 3 ways to take income.
Click below to find out how a fixed indexed annuity can provide you in-come for your specific situation!
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* We are not stock brokers or financial advisors and do not give investment advice. We are not tax advisors and do not give tax advice. Note that distributions from traditional IRAs prior to age 59 &1/2 are taxed as ordinary income and may be subject to a 10% IRS federal tax penalty. Note that interest distributed from non-IRA annuities and Roth IRAs are subject to ordinary income tax and may be subject to a 10% IRS federal tax penalty.
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