Can You Borrow Against Annuities?

1. 

   0 POINTS

   

   Contact David Racich Contact David Racich by filling out the form below

   
   Name
   

   
   Email
   

   
   Phone Number
   

   
   Message
   

   Please leave this field empty.
   

   Δ

   Contact Me

   view profile
   David RacichPRO

   Fountain Hills, Arizona

   You cannot “borrow” from annuities. You may be able to withdraw some money without penalties according to the policy’s withdrawal provisions. But keep in mind that you may have a 10% tax penalty for accessing withdrawals before 59 ½.  One way to accomplish your goal is to use your annuity as collateral at your local bank and borrow from it.
    

   Answered on May 30, 2013

   +0

   1 0

   +1 this answer

   flag this answer

   view more answers by David Racich
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.