2006-07-08 04:02:19 · 4 answers · asked by pqrstar 1 in Business & Finance ➔ Investing
Variable Annuities are insurance contracts between an insurance company and the contract owner. Payments into the contract are invested in a variety of investment fund options. The value of these investments will fluctuate. Upon Annuitization or withdrawal, earnings in an annuity grow tax-deferred. Earnings are taxable to the owner. Withdrawals prior to age 59 1/2 are subject to income tax penalties. Early withdrawals may also be subject to surrender charges imposed by the insurance company.
2006-07-08 04:06:30 · answer #1 · answered by Gray Matter 5 · 0⤊ 0⤋
Annuities are not usually a good investment. Too many hidden costs. See a financial planner and read books.
2006-07-08 04:06:47 · answer #2 · answered by Diane D 5 · 0⤊ 0⤋
What about them? You want us to recite the encyclopedia for you? Give us an idea what you already know, what you've already done, and try to ask a question in a complete sentence, then maybe someone will take you seriously and give you a complete answer.
Dead asset. Not an investment.
2006-07-08 04:50:05 · answer #3 · answered by dredude52 6 · 0⤊ 0⤋
Compare rates free
2015-02-13 18:52:06 · answer #4 · answered by Sean 1 · 0⤊ 0⤋