Nebraska Personal Injury

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Why Consumers Are Selling Their Annuities
By Nina Nocciolino

Annuities are a major personal finance tool for consumers looking to lower their tax profile and plan for retirement. But, millions of people are selling annuities for liquidity options, in order to make other financial decisions.

A recent press release issued by J.G. Wentworth stated that with more than $1.6 trillion of assets are backed by annuities in the U.S. alone.

Michael Vaughan, managing director of the J.G. Wentworth Annuity Purchase Program (tm) said, Despite the enormous success and size of the annuity market in the U.S., we estimate that 5-10% of annuity owners would consider selling all or part of their annuities under the right circumstances."

He attr...
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