Distributions from Roth IRA Annuity
If a fixed annuity within a Roth IRA is annuitized over a ten-year period, are the distributions able to be transferred to a brokerage Roth IRA tax-free? The accumulation value of the annuity includes an up-front 10% bonus. All eligibility requirements have been met.
Permalink Submitted by Alan Spross on Wed, 2011-03-23 03:37
Yes, there are no RMDs to deal with in a Roth IRA. But there is also a one rollover limit, so for this plan to work the transfers must be made directly to the brokerage Roth.