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We'll be holding a live chat today - right here on this blog - from 11:30 a.m. to 2:30 p.m., answering your questions about your pocketbook in this insecure economy.
We're bringing in certified financial planners and other professional advisers. Ask a question. Get some help. It's free.
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Harriet Johnson Brackey, the personal finance writer for the Sun-Sentinel, has been an award-winning business...
Comments
I put $300,000.00 in a lump some from a life insurance policy benefit I received, into a fixed annuity 8 years ago. Now that I know it's not insured, I'm scared and i'm a disabled widow, but not 59 1/2. I was told the government will penalize me 10% if I remvoe it before 59 1/2. Is that true? I also will be penalized about $8,000.00 by the company holding the annuity for this early withdrawal. I'm just concerned the government will penalize me another $30,000.00 and need an answer to this before I pull out the money. I'm scared to take it out and scared to leave it in.
Posted by: Carol | October 8, 2008 1:56 PM