How to Surrender an IRA Variable Annuity Before Age 70 1/2?

Answer The Internal Revenue Service gives variable annuities the same tax status as retirement accounts. Many people roll 401k accounts or certificate of deposit IRAs into variable annuities with the inte... Read More »

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How to Surrender a Tax Sheltered Annuity?

A tax-sheltered annuity (TSA) is an employer-sponsored retirement savings plan also called a 403b plan. While these plans are designed to supplement retirement income after age 59 1/2, it is possib... Read More »

How to Avoid Paying Annuity Surrender Charges?

Annuities can provide a wealth of benefits for investors saving for retirement, such as unlimited tax-deferral, a guaranteed stream of income, protection from probate and creditors and professional... Read More »

What is a surrender charge on an annuity policy?

An annuity is a retirement product that pays out money in increments for a certain period of time. If you make withdrawals from your annuity within a certain time, you'll pay a surrender charge.The... Read More »

How to Transfer a Variable Annuity to an IRA?

There are several reasons why the owner of a variable annuity might want to shield the annuity contract inside a traditional or Roth IRA. Annuity contracts that are housed inside Roth IRAs can be w... Read More »