One of the first warnings that anyone every gives about annuity payments is that they are often very difficult to get your money out earlier than your contract states. For this reason, you must be very sure that annuities are right for your situation before you commit to them. They can be a very valuable resource if used correctly.
Circumstance will sometimes warrant your need to sell annuity payments rather than wait for the contract to expire. In recent years a marketplace has opened up for these types of transactions. You can now sell all or a portion of your annuity payments to a interested third party. You should use some sort of median or broker to help facilitate the transaction, but other than that, it can be an interesting way to free up some annuity cash.
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