Learn how required minimum distributions (RMDs) affect your variable annuity contract and how to choose benefits that play nicely with RMDs.
Interest earned in a deferred annuity (the most popular type) is not taxed until withdrawn. Deferring taxes accelerates savings growth because interest compounds faster without withdrawals needed ...
Buying a variable annuity that offers a guaranteed lifetime withdrawal benefit, or GLWB, can be a smart decision that assures you of income for life no matter how long you live or how well your ...
Withdrawing money from an annuity can be a costly move, so make sure you review your plan's rules and federal law before you do. If you make withdrawals before you reach age 59 ½ , you will be ...
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