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Frequently
Asked
Questions
Will I have access to my money?
Most annuities allow for penalty-
free withdrawals of a portion of
your annuity balance. Up to 10%
in most cases.
If I find a better annuity later, can I switch without
paying income taxes?
If done properly, you may make a
tax-free exchange under IRS
Code Section 1035(a).
Are there sales fees or other charges?
Most of the annuities we
recommend have NO fees
or charges of any kind.
Is my interest reportable to the IRS to determine if my
Social Security benefits are taxed?
Your interest earnings are not
reportable for any purpose, unless
withdrawn. Withdrawals are treated
as ordinary income based on Last
In, First Out accounting.
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