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Annuities are bought from brokerage and investment firms, usually through an insurance agent, broker, or licensed financial adviser. If you would like to avoid using an agent or broker, you can buy your annuity directly from a mutual fund company like Frankin Templeton, PIMCO, or T. Rowe.
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Where can I go online to find out how to go about getting cash for an annuity?
One popular source to go about getting cash for an annuity is Peachtree Financial Settlement funding, located at www.peachtreefinancial.com. This site here is just one of many that will buy your annuity for cash http://www.annuitytransfers.com/whychooseannuitytransfers.html. They are trustwrothy and honest.
How does one purchase annuity?
To purchase an annuity you need to go to an insurance or investment broker. They can be found at SunLife and ManuLife. The minimum annuity cost is $3,500.
How do ira rollovers into annuity funding accounts work?
There are two ways to do this. One way is through your employer. The other way is through an insurance company. Because you are changing jobs, you'll have to go through a insurance company and buy a annuity account from them. Then, you will have to go to Human Resources in your previous place of employment and do the necessary paperwork to transfer your 401k into that annuity account.
Why exactly would one buy an annuity?
One purchases an annuity by depositing money, which guarantees a return of regular, fixed payments for a fixed period of time or one's lifetime. One might purchase an annuity so as to receive a payout that is not subject to income or capital gains taxes.
Is there a difference between a life annuity and an insurance annuity?
There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.
How does one go about calculating an annuity payment?
One goes about calculating an annuity payment in a number of ways. First, one must determine the type of annuity. Second, one must find the option for payout. Then, one must determine the other details about the annuity and finally, factor in how the payment will be working in relation to the time frame of payment.
Where can one sell annuity online?
There are a variety of sites that offer to buy the annuity of individuals, but it's advisable to ensure that the seller trusts the source. The best option is to consult an investment manager before selling something as important as your annuity.
Can you buy annuity for adult child?
yes
Can you use your annuity to buy a house?
Yes
What is conventional life annuity?
Before you buy any annuity do your research to prevent and Annuity Disaster! Check out this book I read: The Great Wall Street Retirement Scam by Rick Bueter. One of the BEST books about money you will ever read!
How does one go about buying annuity?
Buying an annuity can be done through a bank or through a private individual that owns one of these annuities. Simply put, a person simply needs to find one they can afford and then make a purchase.
Can you buy an annuity online?
No and you would never want to buy something like that online.
