Rollover of IRA to Annuity
My client proposes to rollover part of her traditional IRA to a guaranteed withdrawal benefit annuity, as she describes it. Would this transaction qualify as a taxfree rollover?
My client proposes to rollover part of her traditional IRA to a guaranteed withdrawal benefit annuity, as she describes it. Would this transaction qualify as a taxfree rollover?
Permalink Submitted by Alan Spross on Thu, 2011-10-13 18:48
Yes, as long as the annuity is an IRA ANNUITY and not a non qualified annuity.