Liquidating annunities

08-Dec-2016 14:49

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Here are some of the withdrawal options for annuity owners, including a review of some recently-added alternatives.Kevin Mc Kinley CFP is Principal/Owner of Mc Kinley Money LLC, an independent registered investment advisor.For example, some contracts may allow you to liquidate the annuity without penalties if you need the money for a health emergency such as open heart surgery.

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If you are not within this time period, you will have to pay the applicable charges, taxes and fees.

This is a kick-the-tires grace period in which you can terminate the policy and get your money back without paying a surrender charge.