Retire Rich with Expert 1035 Exchange Annuity Rollover
Benefits of a 1035 Exchange
The primary advantage of a 1035 exchange is tax deferral. When you exchange one annuity for another, you avoid recognizing gain or loss on the transaction, which means you defer taxes until you begin withdrawing funds. This can be a substantial benefit, allowing your investment to grow tax-free over time1.
Moreover, a 1035 exchange can help you align your annuity with changing financial goals. For instance, if your current annuity lacks certain features like long-term care benefits or inflation protection, you can exchange it for one that offers these advantages2.