answersLogoWhite

0

Can creditor take your annuity

Updated: 9/23/2023
User Avatar

Wiki User

10y ago

Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Can creditor take your annuity
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can a creditor garnishment my bank account when all the money in it is Federal annuity?

yes, i creditor can garnish a bank account to $0 regardless of where the funds in the account came from


How long should I expect an annuity payout to take if I retired in January of 2010?

You can annuitize with an Immediate Annuity to take income now. Here's some info on that consumerboomer.com/should-you-annuitize-immediate-annuity-income


Can you take some money out of the annuity from citi and then put it back with in 60 days?

Only if the annuity is an IRA or Roth IRA. A non-qualified annuity does not have this rule.


What are the benefits of a variable annuity?

A variable annuity is beneficial in an economy such as ours now. That way, when interest rates rise (however many years that will take), your annuity will also be at a higher rate.


Where could I get an annuity calculator?

There is a simple but accurate online annuity calculator at http://www.bankrate.com/calculators/investing/annuity-calculator.aspx. Just enter your information into the form, and the website will take care of all the calculations for you.


How do you sell your annuity?

You can visit a company like mystructuredsettlementcash to sell annuities and structured settlements. They have lists of buyers to take over your annuity payments.


Can a lien take your child support?

No. A judgment creditor cannot take possession of child support payments to satisfy a lien.No. A judgment creditor cannot take possession of child support payments to satisfy a lien.No. A judgment creditor cannot take possession of child support payments to satisfy a lien.No. A judgment creditor cannot take possession of child support payments to satisfy a lien.


Is the annuIty received from an insurance co is taxable?

It grows tax deferred. If you take an income stream or annuitize the annuity, the money is taxed as ordinary income.


Can A judgment Creditor take your business?

Yes.


Can creditor take social security disability?

no


How much tax do you pay when you take money out of an annuity that you have?

Usually 20%


Can a creditor take a car that is in two names if the lawsuit is only against one person?

Generally, if the car is jointly owned, a creditor may be able to go after the co-owner's interest in the vehicle. However, laws vary by jurisdiction and the specific circumstances of the case can also impact how the creditor can pursue the debt. It is advisable to consult with a legal professional for guidance on this matter.