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What are tax-free annuity exchanges?
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[QUOTE="King bell, post: 254992, member: 75687"] A tax-free annuity exchange is a transaction in which you exchange one annuity for another, without having to pay any taxes on the transaction. This can be a great way to get more income from your annuity, without having to worry about the tax consequences.There are a few things to keep in mind when doing a tax-free annuity exchange. First, the two annuities must be of the same type. Second, the annuities must be transferred directly from one insurer to another. Finally, you may only do one tax-free annuity exchange in a year. If you are interested in doing a tax-free annuity exchange, speak with your insurance agent or financial advisor. They can help you to find the best annuity for your needs, and will be able to assist with the paperwork involved in the transaction. [/QUOTE]
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What are tax-free annuity exchanges?
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