Because annuities are designed to provide long-term income, accessing funds too early can trigger an annuity early withdrawal penalty. Insurance companies typically impose surrender charges if you ...

You can cancel an annuity at no cost during the “free-look” period, but after that point it can be much harder and more costly. Some annuities have limited withdrawal provisions and most will let you ...

This article will explain the rule changes in clear terms and highlight the key operational and tax points you should consider before planning a withdrawal.

An immediate annuity is an investment that begins paying out distributions the same year you deposited funds. Withdrawals can begin as soon as one month after you make your initial payment. Immediate ...