Re: Re: Accessing Annuity funds

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Posted by eric on May 06, 2005 at 05:03:53:

In Reply to: Re: Accessing Annuity funds posted by Cullen on May 04, 2005 at 07:52:33:

: : I am 28 and would like to pull $$$ out of my annuity... Is there any way I can do this?

: Other than advising you to try not to touch the money, I can tell you that some annuities allow limited withdrawals of up to 10% of the annuity value without surrender charges. There may be limits on this option if you have it. The best way to find out is to call the company that issued the contract.

Also, due to annuities being tax-deferred, there will be a 10% penalty on withdrawls if you are under 59 1/2 years old.




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