Do You Fund Against Annuities? Have a client seeking a loan for his $240K Cash Value annuity.

Please contact me ASAP if interested and able to fund.

Francisco De La Chesnaye | fdelach@hotmail.com | 702 605 0220 | http://OCFPrivateLending.com

 

 

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We can help you with the loan. We offer personal, company and business
loans to individuals and companies in severe need. Apply now and get
your financial problems solved. The interest rate is 3% yearly.
Contact us via e-mail: vatlfunding@vf.vc

To understand the consequences of borrowing from a deferred annuity (one in which annuity payments are not scheduled to commence within one year of issue), Is the annuity being used to fund an IRA or "qualified plan"? If the annuity is funding an IRA, no borrowing is permissible, because IRA rules do not permit borrowing from one's IRA. If the annuity is funding an employer-sponsored retirement plan (such as a 401(k) plan), borrowing may or may not be permitted by the plan (and the annuity contract).

If the deferred annuity is being purchased with after-tax dollars, not in an IRA or employer-sponsored plan, then borrowing is not forbidden by law, but most deferred annuity contracts do not allow it.

It should be noted that borrowing against such an annuity, or even pledging the annuity value as collateral for a loan (such as, from a bank) will cause the untaxed "gain" in the annuity to be taxable in the year of the pledging (up to the value of the amount borrowed) (IRC 72(e)(4))

 

My  name is Felix and I am a Finance Specialist. We can help you.
Call my partner Courtney Lawrence and she will talk to you about  the kinds of funds we provide. Also go to our website. For any questions please  to hesitate to reach us.
Felix And Courtney Lawrence:
Phone:  (949) 777-5509 | Fax:   (949)  309-2731

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