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How can I withdraw my fixed annuity before you are 59 years old?

January 10, 2010 by Annuity and Structured Settlement Tips  
Filed under More Annuities Answers

Can you answer Mary S’s question about Annuities?:

i have an annuity with Tiaa Cref, and amidst all this mess I want to withdraw.

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Comments

2 Responses to “How can I withdraw my fixed annuity before you are 59 years old?”

  1. aaron p on January 11th, 2010 5:04 am

    Annuities Feedback: Ask your accountant about IRC 72t or 72q depending on if it’s qualified money or not. This may help you avoid penalties from the IRS, but any surrender penalties you may have will still be active.

  2. Advisor in Texas on January 13th, 2010 6:49 am

    Annuities Feedback: That might be the worst thing to do. Annuity’s guarantee your income at the amount you invested or greater. Taking a full withdraw of your money could result in you losing thousands, depending upon your amount. With the market the way it is those individuals with an annuity may be the ones in the best situation.

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