How to Cash in an Annuity Early

An annuity is an insurance product that pays out income, and can be used as part of a retirement strategy. Annuities are a popular choice for investors who want to receive a steady income stream in retirement.
Tags: annuities, annuity, variable annuities, fixed annuities, risks, retirement, how to retire, retirement planning, planning for retirement, retired, retire, Ultimate Guide to Retirement, CNNMoney, personal finance, financial planning, plans

When you want cash for your annuity, compare options like surrendering the annuity, taking a partial withdrawal or selling payments.

If you, as a retiree and holder of an annuity contract, find yourself financially strapped for any reason, you can get immediate cash in lieu of some or all of your future annuity income. Follow the steps below to find out how to cash in...
Tags: WikiHow, Get Immediate Cash for Your Annuity, wiki, how to articles, how to instructions, DIY, tips, howto, learn, how do I

Annuities offer security but also lock up your cash. The secondary market could be your key.
Tags: annuity,annuities,payment,plan,payout,secondary annuity market,secondary,market,immediate annuity,tax-deferred annuity,liquidity,money market fund,social security,pension,tax bracket,investor,index,fund,mutual fund,options

Annuities are tax-deferred investments offered through insurance companies that have a contract term called a surrender period. You can cash out of an annuity during the surrender period, but may be assessed a penalty in doing so. In addition, if you are not yet 59-1/2 years old, you may be assessed a 10 percent tax penalty for cashing out early,...

If you have an annuity (whether it's variable, fixed, or equity-indexed) and you're thinking of dumping it, carefully consider the consequences of your decision.
Tags: annuity, variable annuities, fixed annuities, cashing out your annuity, annuities tax treatment, IRS, 1035 annuity transfer, IRA tax-deferred status, annuities surrender fees, annuities withdrawal fees, annuity contracts, waiver benefits, immediate annuities, VA, annuity payouts.