
Retirement Planning
3 Retirement Questions You’ll Need to Address
Retirement today isn’t what it used to be. A new retirement landscape demands a fresh approach to thinking about and planning for retirement.
Whether you can take your annuity as a lump sum depends on the kind of annuity you purchase, as well as when the annuity was purchased.
The following annuities offer the ability to take a lump sum:
However, if you purchased the annuity within the last few years, you will incur a surrender charge when you withdraw. But, if you purchased more than 10 years ago and did not annuitize it, you typically do not incur a charge.
The following annuities generally do not offer the ability to take a lump sum:
To speak with one of our annuity experts about taking your annuity policy as a lump sum, you can schedule a call here.
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Retirement today isn’t what it used to be. A new retirement landscape demands a fresh approach to thinking about and planning for retirement.
An annuity is a way to turn your savings into guaranteed income you can’t outlive, no matter what happens in the market or how long you live. But, like everything else, there are the good and the bad. Learn how to tell the difference.
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