Wow. I cannot read on.

May 8, 2025 by Sheryl J. Moore

 In reply to How to Choose an Annuity: Best Annuity Companies of 2025.

“Most annuities require buyers to be at least 59 ½ before permitting penalty-free withdrawals.” 

Not exactly.

“Otherwise, you incur a 10% early withdrawal fee.”

Actually, it could be as much as 20%. *wince*

“…[it] grows (often tax-deferred) through interest payments or investments.”

Often, eh?

“A variable life annuity mixes a variable annuity with a life insurance policy for tax-deferred growth and death benefits. With a variable life annuity, you guarantee a minimum amount to go to your beneficiaries after you die. This minimum is often your total premium plus potential market gains.”

WHAT?!?

“Keep in mind that some annuity contracts require you to start withdrawing funds by a certain age.”

Actually- they all do.

Wow. I cannot read on.

P.S. Never trust a website about which annuities are “best,” if they still call indexed annuities “EIAs.”

:/ -sjm