August 2008
Beginner
208 pages
3h 51m
English
Content preview from The Truth About Buying Annuities
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Chapter 42. Getting out of an annuity
“If the world was perfect, it wouldn’t be.” | ||
| --Yogi Berra | ||
There can be any number of reasons for getting out of an annuity. You may need the money due to a financial emergency or an adverse change in your health that increases your medical expenses. Or maybe you just realize a particular annuity may not be suited for you. Whatever the reason, annuities are not the easiest things from which to exit easily and gracefully. So let’s look at what you are facing and what you can do about it.
Your first problem may be that you are too young. Now I know that for most adults, being too young doesn’t seem like that great a problem, but if you are under the age of 59 ½ (and only a Congressperson or a 6 ½-year-old child ...
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