401k rollover
can an employee rollover their 401k to an annuity if their under 59 1/2 without the 10% penalty by trustee to trustee transfer if the company allows it
can an employee rollover their 401k to an annuity if their under 59 1/2 without the 10% penalty by trustee to trustee transfer if the company allows it
Permalink Submitted by Alan - IRA critic on Wed, 2013-02-06 19:41
Yes, there is no penalty or taxes for rollover to a traditional IRA annuity, regardless of age. Distributions from the IRA annuity itself may or may not be penalty free.