-
Charlotte Real Estate, Development, and Construction News: Mecklenburg Times > Columnists > Berko > ‘Benefit base’ is key in annuity payouts
‘Benefit base’ is key in annuity payouts
Your answer last month to CC in Vancouver, Wash., about taking $9,000 from his annuity for income confuses me. His adviser said that if he took more than 6 percent of his initial $112,000 investment, or $6,720, his annuity value would be reduced by the difference between the $9,000 he would take and the $6,720 he was allowed to take, or $2,820.
Login required
You have clicked on a link to
information that is | ||
Already a paid subscriber but not registered for online access yet? For instructions on how to get premium web access, click here. |
||
Interested in Subscribing?
Start by choosing how you'd like your news delivered.
 - Print and Digital - |
 - Digital Only - |
 Try Meck Times for a month for only $12.95 |
![[Print]](http://mecktimes.com/wp-content/plugins/tdc-sociable-toolbar/print.png)
![[Email]](http://api.addthis.com/oexchange/0.8/forward/email/offer?url=http://mecktimes.com/news/2013/02/08/benefit-base-is-key-in-annuity-payouts/&title=‘Benefit base’ is key in annuity payouts <span class="dmcss_key_icon"><img alt="(access required)" src="/wp-content/themes/meck/images/lock1.gif" border=0/></span>)
![[RSS Feed]](http://mecktimes.com/wp-content/plugins/tdc-sociable-toolbar/rssfeed.png)
POST A COMMENT
