Story thread · 2 reports / 1 sources
She Pulled $25,000 From Her $250,000 Annuity at 70 to Help Her Son, Inside the ‘Free’ 10% the Contract Allows. The Insurer Charged Nothing. The IRS Taxed Every Dollar, Because Gains Come Out First
247wallst.com · 4h · first report
How the coverage leans
Across 1 sources · syndicated copies counted once
The insurer kept its promise and charged her nothing, but the IRS had its own claim on those dollars, and the word 'free' turned out to cover far less than she expected.
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