Can I take out any amount from my annuity without paying the surrender charge?
ANSWER:
Most annuities allow you to receive up to 10% annually without having to pay the insurance company's early surrender charge. You will still have to pay your normal income taxes on the earnings portion of the amount you receive. And, if you're under age 59, you'll pay a 10% federal tax penalty on the interest taken out.
Annuities
Thursday, Nov 21st 2024
Health Savings Accounts
You can use this account to pay for your qualified health expenses, including expenses that the plan ordinarily doesn’t cover, such as eyeglasses and hearing aids.
Expenses paid out of the HSA that are eligible expenses under your high-deductible health plan will count toward the plan’s deductible.
