i have a annuity that is earning almost nothing would I make out better to pay the penalty and invest it my self
Answers (2)
If you were smart you would not have bought the annuity; you would have bought stock in the company that offers the annuity.
Take ECON 101 at the local college. Ask the professor what other classes to take. Keep studying until you don't need any advice from anybody. That will be the best investment you will ever make.
The problem is you lose money cashing it in and probably the rest of it because you know nothing about investing.
Ask a financial planner or a lawyer. I would not give financial advice to anyone.
To click on the link remove the space after the //
https://
m.neamb.com/finance/7-annuity-mistakes-to-avoid.htm
http://
fso.cpasitesolutions.com/Premium/IS/fg/fg-Annuities.html
www.kiplinger.com/article/insurance/T003-C001-S001-think-twice-before-cashing-out-your-annuity.html
www.kiplinger.com/article/retirement/T003-C001-S001-calculate-taxes-on-withdrawals-from-annuities.html