Annuitiescan be greatinvestments for retirement savingsand estate planning, but they come at a cost. If money is withdrawn from an annuity prior to the term of the contract, the insurance company usually assesses a surrender charge for early withdrawal. TheInternal Revenue Service(IRS) may also...
AnnuityAdvantage BlogBlog > Withdrawing Before Age 59.5Withdrawing Before Age 59.5Categories: Tax Planning Share: What Happens If I Withdraw Money from My Tax-Deferred Investments Before Age 59½?Withdrawing funds from a tax-deferred retirement account before age 59½ generally triggers a 10% ...
if you look at it carefully, assumes they are immortal. The most common problem in this department is best illustrated by the phrase “Never spend principal”. Well, I've got news for you. While never spending principal does ensure you will never run out of money, it also ...