I have a client who inherited a Non-Spousal Beneficiary IRA in 2013. The advisor back then put it into a Variable Annuity and my client came to me because she had lost over $150k over the last 2 years and she had no contact with the advisor. When I ran a Risk Profile she came out as Very Conservative with her main concern being to preserve Principal, with RMD’s more than meeting her budget needs. I am Series 65 licensed and we Transferred the Non-Spousal Ben IRA Variable Annuity (No Surrender Penalties) into a Managed Money account into a very conservative Portfolio. Every Quarter we have to have a conversation about my 0.5% Fee, as well as any small fluctuations in her account values. Any loss no matter how small makes her extremely nervous. I suggested a Fixed Indexed Annuity with no fees and an average gain of 3-5% with no chance of market loss and she was very adamant that that was what she wanted. Since I can’t move the entire amount to the annuity, is it allowable to have a portion of the Ben. IRA in an annuity & part in Managed Money? If so, can all of the RMD come out of the Managed Account or does each investment have to pull it’s own RMD?