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 What is a surrender charge on an annuity policy?

Answer 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 »
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Top Q&A For: What is a surrender charge on an annuity policy

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 »
http://www.ehow.com/how_7339852_surrender-tax-sheltered-annuity.html

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

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 »
http://www.ehow.com/how_7352212_surrender-before-age-70-1_2.html

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 »
http://www.ehow.com/how_12058728_avoid-paying-annuity-surrender-charges.html

Is an IRA surrender charge a miscellaneous itemized deduction?

A surrender charge on an IRA refers to an annuity IRA that is still in the surrender period. Liquidating the assets prior to the end of the surrender period incurs a charge that is not tax-deductib... Read More »
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