If you happen to invest in annuities, you can transfer your money between options without having to pay taxes on the money. This is especially helpful to the investor. For example, if you buy an annuity and invest it a certain way for 12 months, and then you decide that you don’t like the risk that investment strategy poses, you can transfer the money. Many times transferring money between investments will result in you owing taxes to the federal government. Not so with annuities, you don’t have to be concerned about having to pay money to move your investments around where they will benefit you the most.
You Can Transfer Your Investments Tax-Free
August 13th, 2008 | Business