Can a 10 year variable annuity with 5 year penalties be cashed out after 5 years without penalty?
You need to take a look at the surrender charges your particular VA contract.
The use of accumulated assets to fund retirement income or other income requirements. Where a mutual fund might be used as an asset accumulation vehicle during one’s working years, annuities enable decumulation of those assets into a stream of income during retirement.
You need to take a look at the surrender charges your particular VA contract.
A handful of very large, powerful trends are currently shaping the retirement income landscape:
Here is a bit of advice that might make annuities easier to understand:
Submitted by tom on
Barclays Bank recently announced the launch of two new retirement income products: