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The amount required to start an annuity can vary widely depending on the type and provider. Some fixed annuities may have minimum investments ranging from $5,000 to $10,000, while others, particularly variable annuities, might require higher initial contributions, often starting around $10,000 to $25,000. It's essential to review specific products and providers for their minimum investment requirements and terms.
What else can I help you with?
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.
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.
How much money do you need to start a massage therapy business?
I would say it should take about $50.000
How long does it take to receive money after surredering an annuity?
The time it takes to receive money after surrendering an annuity can vary, typically ranging from a few days to several weeks. Upon submitting the surrender request, the insurance company usually processes it within 5 to 30 business days, depending on their policies and the complexity of the annuity. Factors like any required documentation, the type of annuity, and state regulations can also influence the timing. It's advisable to check with your specific insurance provider for precise timelines.
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.
How much tax do you pay when you take money out of an annuity that you have?
Usually 20%
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.
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.
How much money does it take to start a bingo hall?
20,000.00
How much money does it take to start an Ulta franchise?
Ulta is not a francise
How much money does it take to start a summer camp?
5 million dollars
How much money does it take to open a business?
depends on what buisness ,u wna start
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.
What is an annuity and how does it work?
A variable annuity is an agreement between a person and an insurance company. A certain amount is given every month to the person receiving the annuity. They offer many pay options if someone is to die before the annuity is paid out. It is a way to take the money you are given and increase the amount by accepting smaller payments monthly vs. one large lump sum up front.
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
How much money will it take to start an architect business?
3 million to 3.5 million. its alot. i know
How much money do you need to start a massage therapy business?
I would say it should take about $50.000
