Can I Get Out of an Annuity? – Penalties for Cashing Out Early
If you’ve tapped out your traditional retirement account options, like stocks and bonds in your IRA and 401k, an annuity might be the next best thing. Annuities are insurance products, typically offered by life insurance companies. Under an annuity contract, the insurance company agrees to pay you regularly, with many contracts providing lifetime income. At … Read more