Is A Variable Annuity A Liquid Asset?

  1. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! An annuity by its very nature is not a liquid asset. To be liquid, it must be readily accessible, and easily converted. Cash, bonds, or stocks  are liquid assets. Your annuity contract will state a specific number of years that you cannot touch the funds without incurring fees and charges. While you may be able to withdraw some funds without fees from the annuity, to do so affects the long term returns, and can have a big impact on the profitability of your investment in the annuity. If you would like help, please contact your agent, or drop me a line. Thanks for asking!
    Answered on July 23, 2014
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