annuity exchange

Annuity Exchange Definition

The problem with getting out of an annuity is that from the moment you invest you've been accumulating interest that his been untaxed.  So if you cash in the annuity, you will have quite a tax bill.  IRS has provided some relief for this by allowing you to trade one annuity for another without taxation.  The annuity definition of this [...]

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Posted by bobrichards - October 21, 2011 at 10:49 pm

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