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Annuity vs CD.?
My mom has quite a sizeable annuity (drawing 3% annually) upon which I'll have t
to pay taxes when she dies. She's been wondering if she should withdraw the mone
y and put it in a CD, drawing about 2.5% annual interest. She doesn't get enough
retirement money to pay taxes and doubts if she'll have to pay taxes on the mon
ey she withdraws from the annuity. Would this be a wise move?
BEST ANSWER
Try this site where you can compare quotes from different companies:
WWW.ANNUITY-HELP.US

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Annuity vs CD.?

  • 1. Annuity vs CD.? My mom has quite a sizeable annuity (drawing 3% annually) upon which I'll have t to pay taxes when she dies. She's been wondering if she should withdraw the mone y and put it in a CD, drawing about 2.5% annual interest. She doesn't get enough retirement money to pay taxes and doubts if she'll have to pay taxes on the mon ey she withdraws from the annuity. Would this be a wise move? BEST ANSWER Try this site where you can compare quotes from different companies: WWW.ANNUITY-HELP.US