Give near-term money a job
List expenses you may face soon: a home repair, a vehicle, family support or an unexpected health bill. Ask how each would be paid without relying on a long-term contract withdrawal.
Ask for the actual withdrawal rules
Before purchasing an annuity, request the surrender schedule, any permitted withdrawal allowance and conditions, and whether a market value adjustment applies. A withdrawal allowance does not necessarily eliminate tax consequences or benefit reductions.
Review more than one scenario
What if retirement begins early? What if a spouse needs care? What if you move? Use these scenarios to test how much flexibility you want to preserve.
Bring the question to a review
Tell Eric what must remain accessible. A product discussion should explain both the benefit and what flexibility you give up to obtain it.
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Independent reference: Investor.gov annuity education ↗