2018.04.17 18:29 | Sean Carter
Are you asking yourself right now, “Where can I sell my annuity,” the good news is that there are many different buyers out there in the secondary market. Unfortunately, some people who want to sell their annuity are doing it for the wrong reasons.
Selling your annuity is a big decision you will need to consider, and we wanted to put together a small list of questions you should ask yourself and your financial adviser before you make the decision to sell.
Why do I want to sell my annuity?
The number one question you should ask yourself has to deal with your intentions. Are you thinking of selling your annuity for the right reasons? The top reasons why people decide to sell their annuity include paying down debt, making an investment, and setting up a big life change. The truth is that you will lose money on taxes and fees when you sell your annuity. Is the trade off worth it?
Is my financial situation stable for the future?
Annuity payments are great for people looking for stable income. Annuity payments can help individuals maintain their current lifestyle and avoid periods where they have no money. If you sell your annuity, do you have enough means to sustain you in the future?
Do I need to sell all of my annuity?
Annuity owners do not have to sell their entire annuity if they don’t want to. If you have an annuity and need to sell part of it, you can do that. Speak with annuity buyers to see if you can work out a deal that will be beneficial to everyone involved.