once a variable annuity retirement is due, must be in another retirement account?
have annuity of maturity, must pay tax on interest has been won, I'm fucking in this w / tax. What is the best way to invest principal at this time, insured by the FDIC, insurance, tax-free and liquid. I'm in my 60 so I do not want to tie it for many years. Do you have to be another retirement account? I have freinds with him on things like highway bonds, money market accounts. Largest have lost the last 30 years, afraid of losing any of the principals. also some in the fund losing too, I think you should remove seven pay some bills high int? I DO NOT WANT anohter annuity to all, has advised against many get'screwed that "it is through cooperation ins, 7 ins do not need more protection. ACCTS what about money mkt or FDIC protected, Nees be the liquid, this was 7 years annuity var! How can ia cancel the tax and interest due this year?
We advise you to look at different types of annuities that are available today. You have plenty of options and I can assure you do not have to worry about being "screwed" … It seems that his biggest problem was the type of annuity and the advice it received in the past. I would recommend that 1035 Tax Free Exchange your old variable annuity in a 1 YEAR FIXED annuity or consider a single premium immediate annuity, and finally reap the tax benefits actual purchase of an annuity years 7. Annuities come in a lot of "fashion" and there are many out there who: 1) provide the tax deferral you want. 2) protection of 3 losses in the market) are supported by funds from state insurance to $ 300K in most states 4) and offer up to 86% cash at any time.
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