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Q: How much money does it take to start annuity?
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How much tax do you pay when you take money out of an annuity that you have?

Usually 20%


Can you take some money out of the annuity from citi and then put it back with in 60 days?

Only if the annuity is an IRA or Roth IRA. A non-qualified annuity does not have this rule.


Is the annuIty received from an insurance co is taxable?

It grows tax deferred. If you take an income stream or annuitize the annuity, the money is taxed as ordinary income.


How much money does it take to start a bingo hall?

20,000.00


How much money does it take to start an Ulta franchise?

Ulta is not a francise


How much money does it take to start a summer camp?

5 million dollars


How much money does it take to open a business?

depends on what buisness ,u wna start


What risks do annuity buyers take?

If one buys a level annuity, that is one that will never increase, one runs the risk that inflation will gradually whittle away the real value of one's annuity payments and leave one short of money. An annuity that increases in line with inflation reduces that risk. These days in the UK there is an option called Income Drawdown which can be a better alternative to an annuity for some people.


What is an annuity and how does it work?

A variable annuity is an agreement between a person and an insurance company. A certain amount is given every month to the person receiving the annuity. They offer many pay options if someone is to die before the annuity is paid out. It is a way to take the money you are given and increase the amount by accepting smaller payments monthly vs. one large lump sum up front.


How much money will it take to start an architect business?

3 million to 3.5 million. its alot. i know


How much money do you need to start a massage therapy business?

I would say it should take about $50.000


How much money is delt out at the beginning of a monopomly game?

You need to take a look in the instruction book to see how much you start off with.