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What Are Annuities and How We Can Help You with Selling an Annuity

At Cashout Annuity, our experts can help US residents understand and begin selling annuity payments for fast cash. An annuity is an equal or fixed payout over a long period of time. Most people purchase an annuity to spread their wealth out and secure their financial stability for the future. These payments can be guaranteed for a certain amount of time, or they can be lifetime, depending on the type of annuity. However, life happens and sometimes you need to come up with funds quickly for things, such as:


• Car Repairs
• Credit Card Debt
• Daughter's Wedding
• Facing Foreclosure
• Home Repairs
• Kid's College
• Medical Bills
• New Car

For these  unexpected situations, you can consider selling annuity payments to Cashout Annuity, the leading source for when you need cash, fast!


Inheritance

Inheritance is the practice of passing on property, titles, debts, rights, and obligations upon the death of an individual. Annuities can also be inherited through a relative or friend, the same way that a house or debt can. However, when this annuity becomes a gift, tax implications are sometimes involved and you will need to raise money to pay for the taxes. Instead of struggling with trying to find the money, the experts at Cashout Annuity, our experts help you with selling annuity payments.


Structured Settlement

Structured settlements are similar to annuities with the purpose of stretching out the recipient's money, so they don't spend it all at once. The idea is that the settlement will take care of the claimant's medical expenses, grief, therapy, or pain and suffering. However, in some situations the settlement doesn't fit the needs of the claimant as originally planned. In this case, you can learn how to receive cash for structured settlements by trusting Cashout Annuity! Reasons you might receive a structured settlement are:

• Bus Accidents
Car Accidents
• Dog Bites
• Malpractice
• Personal Injury
• Wrongful Death

Qualified Annuities

Contributions to a qualified annuity are deductible to the individual or employer (and/or excludable from the income of the individual) at the time of contribution, as is any tax-advantaged retirement plan investment. When an annuity is part of a retirement plan, the rules of the plan govern all tax matters.

Nonqualified Annuities

The rules for nonqualified annuities are different in many respects, because these products are purchased with money that has already been taxed. Specifically, the special tax-deferral advantages of annuities, and the unique tax penalties and tax treatment of annuities at distribution, are superseded when used in a retirement plan by the tax rules governing all investments in such plans.
What Are Annuities?


Payouts on Nonqualified Annuities

If payments are taken in the form of an annuity payout, a portion of each payment is considered a return of the original investment and is excludable from gross income. However, another portion is considered earnings and is taxed at ordinary income tax rates. The percentages that are considered earnings, and return of investment, are based on the type of payout and the age of the recipient; distributions taken before age 59 1/2 are subject to a 10% early withdrawal penalty tax on earnings. If you are interested in selling annuity payments, let the professionals at Cashout Annuity help you figure out your options. To learn how you can get cash for an annuity, give us a call today at (844)340-6649, today.