1. EachPod

Is it Ever Okay to Surrender an Annuity Early?

Author
Kedrec Wealth
Published
Fri 26 Jul 2024
Episode Link
https://share.transistor.fm/s/f93c8155

"You can't change horses midstream", or so goes the old saying. In today's episode, Mike discusses when or if it makes sense to change, or surrender an annuity, and pay the penalty or fees. What situations are beneficial to include an annuity as part of your retirement plan? If you have one, and the rates drop, should I get out of it? Does paying the surrender penalty make sense to find a better one? What are the annuity bonuses all about? All of these questions are answered and more, in this episode of How to Retire on Time. 

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