Posts  / #POST-213084
REDDIT

Keep the annuity I bought 10 years ago? Or cash out and reinvest?

S
Nov 27, 2025 · 02:56

I bought an annuity ten years ago. I am Still paying in $50/month. Is cashing it out to reinvest that money a good idea? Or should I just let it sit there and keep paying in. I am planning on retiring in 15 years but may need/want money sooner. The total value is 65k. Any tax implications I should consider if I cash out?