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The post Ask an Advisor: Should I Cash Out My $200k in Annuities and Buy a Rental Property That Will Bring in $1,500 Per Month? appeared first on SmartReads by SmartAsset. ... The post Ask an ...
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You can receive a lump sum from your annuity, a life option that pays over your lifetime and, if you choose, a spouse, other survivors or an estate, or a systematic stream of fixed payments that ...
That’s why you should consider simpler, lower-cost options like 401(k)s or IRAs first. If you already maxed out these options, annuities can be a good next step to supplement your retirement income.
Lastly, you can transfer cash between annuity types tax-free. Doing so lets you change your income type and match your risk tolerance. You can also place an annuity in a 401(k) or IRA to ...
With an annuity, you won’t owe taxes on the money until you start getting payments. This means your contributions have a chance to grow tax-free, similar to a 401(k) .
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