What should I do with my annuity when it matures? (Options, Taxes & Next Steps!)

In This Video:

When recently meeting with a client that had an annuity they purchased before we met that was about to mature. They wanted to know what they should do with it, and we had a plan for what to do next. But it got us thinking about other people who are about to be in this situation with their annuity and aren’t sure what to do next.

 

Things to Consider:

If you have an annuity that is already mature or about to mature, let’s talk about the different options you have for that annuity, the potential tax surprises that could come along with an annuity depending on the type of account, and how to determine the right next steps for you.

Here’s some of what we discuss in this episode:

0:00 – Intro

0:51 – What does maturing mean?

3:31 – 2 options for a retirement account

6:31 – 3 options for a non-retirement account

10:03 – Picking the best option

 

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