answersLogoWhite

0

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

User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Finance

What is an annuity payout?

An annuity payout is cash recieved from an annuity that you build through investment. There are several types of annuity payouts, such as the Life option, which pays retirement based on your life expectancy, and a Joint-life option that pays for you and your spouse. Annuity payments are fixed payments made out over a specific amount of time. These days there are companies that can offer you a lump sum settlement on your fixed annuity payment that you recieve if you wish to have all your money now.,


How long is a bank money order good for?

Money orders are good for 90 days from date of sale. That is any money order. If after 90 days, the issuing bank may charge a fee to return the money order for the cash back.


What is the free look provision in a Deferred annuity?

The free look provision in a deferred annuity allows the policyholder a specified period, usually ranging from 10 to 30 days, to review the contract after purchase. During this time, the policyholder can cancel the annuity without penalty and receive a full refund of any premiums paid. This provision ensures that the buyer has the opportunity to assess the terms and conditions of the annuity before fully committing. It provides a safeguard against buyer's remorse and promotes transparency in the financial product.


How long does it take to receive an annuity check by mail?

They tipically start procesing the check 10 days before the due date. Once it is processed it will take 3-4 days for the check to arrive...


Can a person who was bankrupt can get another car loan?

No because if they have no way to pay off the loan to start with. because they have no money to not be bankrupt. If it was for a business opportunity or something they may get some money back on, they might've but for a car they will never get their loan back with the amount of V.A.T. put on to things these days.

Related Questions

What is an annuity payout?

An annuity payout is cash recieved from an annuity that you build through investment. There are several types of annuity payouts, such as the Life option, which pays retirement based on your life expectancy, and a Joint-life option that pays for you and your spouse. Annuity payments are fixed payments made out over a specific amount of time. These days there are companies that can offer you a lump sum settlement on your fixed annuity payment that you recieve if you wish to have all your money now.,


What risks do annuity buyers take?

If one buys a level annuity, that is one that will never increase, one runs the risk that inflation will gradually whittle away the real value of one's annuity payments and leave one short of money. An annuity that increases in line with inflation reduces that risk. These days in the UK there is an option called Income Drawdown which can be a better alternative to an annuity for some people.


How do you turn in a mature annuity?

You just have to call the company and surrender the policy. They can fax, email or mail you the proper forms to fill out. You can have the money EFT'd directly to your bank account. From start to finish it typically takes 10 days.


Minimum free look period for annuity granted to senior citizen in CA?

it's 30 days


Why were things so cheap in the olden days?

because they didn't a lot of money back then.


How long is a bank money order good for?

Money orders are good for 90 days from date of sale. That is any money order. If after 90 days, the issuing bank may charge a fee to return the money order for the cash back.


What do you do if your paper shredder gets jammed a lot and you have only had it for about 2 days?

you should give it back to were you got it from and get your money back .


What is the refund policy for this product, and is there a money-back guarantee in place?

The refund policy for this product allows for returns within 30 days of purchase with a money-back guarantee in place.


What happens when you pre order an album 5 days late?

I think you will still get your money back :)


If you bought a motorcyle with a down payment can it be returned within 48 hours?

On any contract purchase, you have 3 days to back out and get your money back.


Can I loan a weapon to a business for money?

A pawn shop but after 30 days they own it unless you pay them back


Animal crossing wild world when does the money come back after you Shake it?

it will take either 3 days to a week or sometimes they don't grow back