The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/how-do-you-short-an-annuity-do-what-i-did-for-my-30862369.aspx

Subject:  Re: Optimal level of annuity purchase may b nega Date:  9/9/2013  9:47 AM
Author:  TMFMurph Number:  72773 of 75829

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.

Cheers!
Murph
Home Fool
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us