Variable Annuity QuotesIntroducing Equity Index Linked Annuities from the
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The ideal variable annuity buyer is 55 or older. Annuities are less attractive to younger investors because there is a 10 percent penalty tax if you withdraw money from your annuity before age 59½ for reasons other than death or disability. However, many people who have already retired and need annuity income right away opt for immediate annuities, which skip the accumulation phase and begin to issue payments as soon as you invest in the contract.