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Investing/Strategies / Retirement Investing
|Subject: Re: Optimal level of annuity purchase may b nega||Date: 9/9/2013 9:47 AM|
|Author: TMFMurph||Number: 72773 of 74536|
How do you short an annuity?
Do what I did for my wife ( who was sold an annuity shortly after her prior marriage divorce, when she felt financially vulnerable ):
1. Maximize penalty-free withdrawals each year (if the contract allows them).
2. Get the heck out as soon as the contract allows without significant financial penalty.
It took three+ years, but we got clear of her annuity without penalty....and are glad we did.
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