Ask Terry Questions Taking money out of an annuity account

Taking money out of an annuity account

By Terry Savage on December 08, 2024 | Financial Planning / Retirement

My husband, age 62 is so worried about the upcoming administration’s promises to take away social security & Medicare, that I am participating in now. He wants to take money from an annuity to protect our health & financial situation because we need both social security & Medicare to live. We will be taxed on this money. What do you think
about this?

Terry Says

I think that’s silly. And expensive. And dumb. Can’t think of what else to say about this.

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