Business, 17.08.2021 01:00 lovelyb32p1waxd

Bob Smith, who is in his 40s, has just become covered by an extremely generous defined benefit retirement plan at his company. He has decided he no longer needs his variable annuity for retirement purposes and wants to use the money for a trip to Africa. Over the past 10 years, he has invested $60,000 in the annuity, and its net value is now $80,000. If Bob should go ahead and surrender the annuity, the tax consequences will be

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Bob Smith, who is in his 40s, has just become covered by an extremely generous defined benefit retir...