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immediate annuity

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Byjohn

L1: immediate annuityIf I purchase an immediate life annuity at age 51 does the payout have to conform to 72t regs?-thanks – John2002-10-06 13:55, By: john, IP: [127.0.0.1]
L2: immediate annuityA life annuity by definition meets the requirements of a SEPP.However, give it real serious thought – at age 51, you are giving up control of the asset for an income.At your young age and with interest rates this low, are you sure that you want to make a lifetime commitment?Just my thoughts :~}2002-10-07 17:25, By: Gfw, IP: [127.0.0.1]

L2: immediate annuityThanks- I checked the real return I would get and it is not any where near enough to give up control of my money for ever. thanks again- John2002-10-07 19:50, By: john, IP: [127.0.0.1]

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