For more information, go to http://www.smgfinancialnetwork.com/ and http://askmrannuity.com/.
Steve Lance and Jeff Dorfman, the co-hosts of Ask Mr. Annuity, explain that secondary market annuities (SMAs) are existing annuities that have been sold for cash to a company that resells them, providing a secure income stream for someone looking for a safe investment with great interest rates—some closes to 7%.