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Retirement
You can use tax-free annuity exchanges to your financial benefit.
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[QUOTE="Holicent, post: 275775, member: 76163"] [FONT=Verdana]Tax-free annuity exchanges are a great way to grow your wealth. However, many people don't take advantage of them because they think the process is too complex or confusing. Here's what you need to know about tax-free annuities, how they work and how they can benefit you financially. What Is a Tax-Free Annuity Exchange? An annuity exchange is when an individual exchanges one type of annuity for another. For example, an insurance company may offer a fixed income option with a higher payout than their variable income option. The individual could choose to exchange the variable income option for the fixed income option and increase their payout by switching to a higher paying investment vehicle. How Does It Work? This type of transaction happens through an agent or broker who has been approved by both parties involved in the transaction. The agent will contact both parties and help facilitate the transaction between them by offering guidance and advice on which option would be best for each party involved based on their current financial situation at that time.[/FONT] [/QUOTE]
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You can use tax-free annuity exchanges to your financial benefit.
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