Before you retired, you had grand plans for what you were going to do with your time – volunteer, travel, whatever. And you planned well for retirement by saving money and investing successfully. You even bought an immediate annuity, so that you could guarantee income for yourself for the rest of your life. But lately you have realized that retiring isn’t for you – you want to get back to work. Having that monthly stream of income from the immediate annuity isn’t what you need anymore. Instead, you’d rather invest that lump sum and grow your savings even more. People in this situation often feel stuck, due to immediate annuities’ terms, conditions and general lack of liquidity. But don’t give up hope – selling annuities happens all the time. AnnuityForLife.com will assist you in selling your annuity for a lump sum of cash, allowing you to have access to your money again.
Selling annuities is done for a variety of reasons. Often, annuities are inherited as part of an estate when a family member or friend dies. Along with the money, you also inherit taxes that can bite into the original amount. An individual inheriting an annuity may want to use the money as a down payment on a house, business startup capital or they may want to reinvest for their retirement. Other times, an individual may buy an annuity and realize, after the fact, that he or she needs the principal amount, for whatever reason. If someone wants to pass money on to their heirs, they may not want to pass down the tax burden as well.
Whatever your reason for selling your annuity, you will need guidance and assistance. Pick up the phone and call the Annuity Specialists at 1-888-261-6237. They will be able to explain the pros and cons of selling annuities, as well as the steps that you will need to take to sell your annuity.