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Episode 42: Introduction to Annuities (Part 2)

Oct 21, 2021

The difference between immediate annuities and deferred annuities.

Here are just a handful of the things that we'll discuss:

  • With immediate annuities the income flow starts immediately after a single premium purchase is locked in, and likely has no tax penalty for pre 59 1/2 withdrawals.
  • Deferred annuities allow assets to accumulate until needed, maintain your withdrawal options for the future, and can be surrendered or withdrawn but likely have tax penalty of 10% for pre 59 1/2 withdrawals.

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