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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


Can annuity payments be garnished?

Yes, annuity payments can be garnished under certain circumstances. If a creditor obtains a court judgment against the annuity holder, they may be able to garnish payments to satisfy the debt. However, the specifics can vary based on state laws and the type of annuity. It’s advisable for individuals to consult a legal professional to understand their rights and protections regarding garnishment.


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%