Annuitization rules
This is not an IRA, but hopefully someone can shed some light. My client has a NQ annuity with Farm Bureau and have been told by F.B. that they never require annuitization. I’ve personally never seen a NQ annuity that didn’t require it at some age…usually 95. They no longer have their contract. Are there any IRS rules that address this topic? Thanks!
Permalink Submitted by Alan - IRA critic on Tue, 2017-07-25 23:18
No IRS rules. The annuitization starting date is determined by the issuer’s rules but not later than state law requires.