Sell Annuity Payment

年金是一种投资品

An annuity is an investment product that can be tax deferred and is sold by insurance companies. For people wanting a secure future an annuity is a very good choice as an investment. The more common retirement plans such as the 401(k) and Roth IRA and Roth 401(k) while most widely used do in fact have some limitations with regard to an income ceiling, limitations on contributions and on withdrawals.

In comparison an annuity does not limit the amount of contributions you are able invest. There is not an income limitations nor is there compulsory withdrawals. An annuity is preferable therefore for someone who although contributing to their usual retirement plan are still looking for a regular periodic payment whether fixed or variable. A deferred annuity, which gives a constant flow of payments during retirement has proven to be the most desirable annuity.

Why Sell Annuity Payments?

The annuities you can sell may have been purchased by you or inherited from a family member. You may want some lump sum cash from a structured settlement from a personal injury case or other lawsuit such as medical malpractice. The reason for wanting to sell your annuity may be nothing more than the need for some immediate cash. Maybe you want to buy a new house, start a business or pay for the education of your children. Because of the deferral of taxes on annuities one might sell some or all of their annuities to avoid being placed in a higher tax bracket upon retirement. The lump sum cash for annuity payment option needs to be considered carefully.