Sell Annuities if Retirement Isn’t Right for You

Before retiring, you had exciting plans for what you were going to do with your time – volunteer, travel, spend time with your family. And you planned well for retirement by investing well and saving a good portion of your income, even buying an immediate annuity so that you could guarantee income for yourself for the rest of your life. Unfortunately, however, you have lately realized that retiring isn’t for you. Having that monthly stream of income isn’t what you need anymore, since you want to go back to work. You’d rather get a lump sum and grow your savings even more. People in this situation often feel stuck, due to immediate annuities’ strict terms and illiquidity. But don’t give up hope – you can sell annuities if you don’t need them anymore. AnnuityAdviceOnline.com can help you sell your immediate annuities for a lump sum of cash, allowing you to have a hand on your money again.

People sell annuities for a variety of reasons. Often, the remaining payments on an annuity are inherited as part of an estate when a family member or friend dies. Along with the inherited annuity payments, you may also inherit tax consequences that take a bite out of the original dollar 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, a consumer buys an income annuity and realizes, after the fact that he or she would prefer to have the principal amount back, for whatever reason. If an individual wants to pass money on to their heirs, they may not want to pass down the tax burden as well. If any of these situations sound familiar, perhaps it is time to sell annuities instead of holding on to them.

Whatever the reasons are for you to sell annuities, you will need guidance and assistance. Pick up the phone and call the Annuity Specialists at 1-888-837-4226. They will be able to explain the pros and cons of selling annuities. And the steps that you will need to take to sell annuities.