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Annuity FAQ 24 How Liquid Is an Annuity? Can I Withdraw From It Without Penalty?

IQ Wealth Management | Steve Jurich | Scottsdale Financial Planner
22 subscribers
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How liquid is the annuity? can I withdraw from it without penalty? a very important point comes back to the question of the different types of annuities. Again with an immediate annuity, there's no withdrawing. You've handed your money to the life insurance company. With deferred annuities, variable fixed, and fixed index typically you can annuity penalty free. Theoretically, in ten years you could have all your money back out. But your money is really not tied up. You could take all of your money out the next day. If you wished you could take it out the next year or two. It would be subject typically to surrender charges so the bottom line is most people don't take out more than ten percent per year from their annuity and more and more it's part of an overall financial plan for retirement where that income amount is really part of the plan. So you're not finding yourself withdrawing we set up several buckets we have your cash bucket, your fixed …...more
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Annuity FAQ 24 How Liquid Is an Annuity? Can I Withdraw From It Without Penalty?
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2017Oct 27
How liquid is the annuity? can I withdraw from it without penalty? a very important point comes back to the question of the different types of annuities. Again with an immediate annuity, there's no withdrawing. You've handed your money to the life insurance company. With deferred annuities, variable fixed, and fixed index typically you can annuity penalty free. Theoretically, in ten years you could have all your money back out. But your money is really not tied up. You could take all of your money out the next day. If you wished you could take it out the next year or two. It would be subject typically to surrender charges so the bottom line is most people don't take out more than ten percent per year from their annuity and more and more it's part of an overall financial plan for retirement where that income amount is really part of the plan. So you're not finding yourself withdrawing we set up several buckets we have your cash bucket, your fixed income bucket, where the annuity goes. You separately have a growth bucket and then an insured outcomes bucket. Because we have you properly allocated you're not having to tap into that annuity prematurely and so the bottom line is yes you can it's liquid enough you could cash the whole thing out if you wanted to. You got the right type of annuity but typically you're not going to need to take out more than ten percent so you'll never pay a surrender charge if you're properly allocated. Scottsdale Financial Planner - IQ Wealth subscribe to our channel https://goo.gl/8E73gS https://www.iqwealthmanagement.com/ ------------------------------------------------------------ Exactly what is an annuity? An annuity is an arrangement with a certified, audited and regulated insurance provider to supervise your cash and pay it back to you with interest in among 3 methods: Annuities resemble mutual funds or bank CDs in the sense that you are putting funds with a certified trustee. They vary considerably from mutual funds and CDs by virtue of that an annuity can be utilized to produce ensured life time earnings for 2 partners, just like a pension from work. An annuity is not a market-traded possession likes stocks and mutual funds. Annuities are agreements for particular efficiency, which is a significant advantage to senior citizens. We're easily situated in Scottsdale near the 101 and Via De Ventura, near to the Gainey Ranch Hyatt Regency Annuities are comparable to mutual funds or bank CDs in the sense that you are putting funds with a certified trustee. An annuity is not a market-traded possession likes stocks and mutual funds. Summary Annuities are comparable to mutual funds or bank CDs in the sense that you are putting funds with a certified trustee. An annuity is not a market-traded property likes stocks and mutual funds. ❇️ Through Steady Withdrawals Of 5% To 10% Per Year ❇️ Through An "Annuitization" (Converting Your Lump Sum To A Stream Of Lifetime Payments Backed By The Reserves Of The Company) ❇️ Cashing Out: Simply As You Would With A Bank Account Or Mutual Fund. --------------------------------------------------------- We’re conveniently located in Scottsdale near the 101 and Via De Ventura, close to the Gainey Ranch Hyatt Regency Mailing address: IQ Wealth Group 7702 E Doubletree Ranch Road Suite 300 Scottsdale, AZ 85258 Local: PHX/Scottsdale (480) 902-3333 Full service, securities, life insurance, annuities Local: LA (310) 707-7047 Insurance and annuities only Toll Free: (888) 310-1776 Fax: (866) 872-1700 --------------------------------------------- Appointment Scheduling: (480)628-5154 Barb Email: Steve@IQWealthGroup.com Barb@IQWealthManagement.com ---------------------------------------------- Watch our most recent video https://goo.gl/4uxLzT ~-~~-~~~-~~-~ Please watch: "FAQ 1 I Really Don T Know Much About Annuities Are There Different Types"    • FAQ 1  I Really Don't Know Much About...   ~-~~-~~~-~~-~ Watch our next FAQ video    • Annuity FAQ #25  What About Required ...  

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IQ Wealth Management | Steve Jurich | Scottsdale Financial Planner

22 subscribers