9 months ago
Annuity surrender charge - stuck paying $12k to get my money out?
99
Put $100k in annuity 2 years ago. Need the money now for emergency. Surrender charge is 12% ($12,000 penalty). This feels like a scam. Any way to avoid paying this?
SU
Share your answer
Have an answer?
Join the community to share your knowledge and help others.
Ask and answer anonymously
Follow topics you care about
No spam, no sales calls
0 Answers
No answers yet
This question is waiting for someone with the right expertise. You could be the first to help.
More questions
What is an annuity and how does it work - ELI5 for someone who knows nothing47 ansAnnuity vs CD - which is safer for $200k?37 ansImmediate annuity at 60 vs waiting until 70 - how much difference in payout?37 ansFixed indexed annuity - why are caps so low if market does well?36 ansFixed indexed annuity - how does the floor and cap actually work?36 ans
