Annuity Withdrawals Everything You Need to Know
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- čas přidán 10. 09. 2024
- We’re talking about annuity withdrawals today and everything you need to know about that, including specific annuity types. We’re going to help you understand the liquidity provisions of annuities.
Watch and Enjoy,
Stan The Annuity Man
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Key Moments in this Episode
0:47 Annuity Withdrawals
2:00 Surrender Charges
2:20 Liquidity Provision
4:10 Pay taxes on gains first
5:37 MYGA in an IRA
7:05 We’re going to help you understand the rules of your annuity
8:30 Leave us a comment!
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Great inforation Stan as always, your so full of,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Knowledge!!! REALLY
Thanks for watching!
’m 76 and have about $290k in an annuity. I have had to take distributions since I was 70 1/2.
The company- Venerable- keeps sending me letters saying I can take a certain amount of money each month for "the rest of my life".
I think the last letter said the amount was $2,200 a month.
If I live 10 more years I would be 86. So if I was to do that- take the $2,200 “ for life” right now, the money would be
almost all gone in 10 years by the time I turn 86-right?
I really do not WANT to live past age 86 but if I did, would they still keep paying me?
$2,200 a month x 12 months= $26,400 a year
$26,400 a year x 10 years = $266,200
For me to give you an answer about your specific situation, please feel free to book a call with us!
www.stantheannuityman.com/book-a-call/
Great content Stan. You really do a great job explaining things. I have a variable annuity with Brighthouse that I’ve had since 1998, and now that I’m past the 59.5 point I thought to either annuitize it or roll it over to an IRA. But apparently I can’t rollover to an IRA, which really surprised me. I am told that my only options are to annuitize or do a 1035 exchange to another annuity. What would you recommend in this scenario? If I do an exchange what product makes sense?
Thanks for watching! For me to give you an answer about your specific situation, please feel free to book a call with me!
www.stantheannuityman.com/book-a-call/
I always enjoy your videos and learn something new every time I listen to one
I’m getting ready to turn 65 and want to retire but I need monthly income and I like the MYGA strategy
Need to generate at least $24,000 a year and I have the money to do that if they’ll let me invest that much
I guess I need to schedule a call
Thanks for watching! When you are ready, you can book a call here:
www.stantheannuityman.com/book-a-call/
On your website I am looking for information about “Immediate Deferred Annuities “ which allows me to set the start date for the income stream to start. Starting sooner than 2 or 3 months.
I believe you are looking for a SPIA quote! Here is the link below:
www.stantheannuityman.com/annuity-calculators/spia
If you have any questions, don’t hesitate to book a call with me:
www.stantheannuityman.com/book-a-call/
What is the penalty on a fixed interest rate annuity if you take all money out before the guarantee term date?
Great question, please feel free to book a call with us to discuss!
www.stantheannuityman.com/book-a-call/
How do RMD fit into a withdrawal plan Does the co calculate your value
Great question, please feel free to book a call with us to discuss:
www.stantheannuityman.com/book-a-call/
Can I start withdrawing my monthly payments immediately
Great question, please feel free to book a call with us to discuss!
www.stantheannuityman.com/book-a-call/
I am disabled. Totally dependent on care from another person. I am over 65. Can I take out a lump sum of my annuity with out penalty?
There is not a blanket answer for this question... feel free to book a call with me if you'd like to discuss further. www.stantheannuityman.com/book-a-call