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Liquidating annuities

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Once your cash is inside the contract, the money grows on a tax deferred basis.

You know by now federal tax laws limit the amount of money you can contribute to these accounts.

No such limits apply to similarly tax efficient insurance products known as non-qualified annuities.

Another key term that you should be familiar with when exploring fixed annuities is the accumulation and liquidation periods of the annuity.

The concepts are quite simple and don't need extensive explanation.