Have a question of your own. Then ask Mr. Annuity.
Please limit questions on Fixed Annuities. Also, we are limiting our responses for Texas residents. For non-Texas residents please consult a local financial advisor or contact the insurance company directly.
If you believe rates will rise, we can recommend an annuity that has a "floating" rate: that is adjusted quarterly or annually. If you believe rates will go down, we can also recommend an annuity that has a "fixed" rate for a defined period. It's your choice.
Most annuities allow for penalty-free withdrawals of a portion of your annuity balance. Otherwise, early withdrawal penalties will apply. Your money can also be paid to you monthly over a fixed period, such as 5 or 10 years.
If done properly, you may make a tax-free exchange under IRS Code Section 1035(a). Call our office for details.
Most of the annuities we recommend have NO fees or charges of any type. Those that do are openly explained. If you prefer, you can chose another annuity.
Your interest earnings are not reportable for any purpose, unless withdrawn. Withdrawals are treated as ordinary income based on Last In, First Out accounting.
Revised: November 16, 2018 .