Can funds RMD be invested in an existing variable annuity?
Can funds RMD be invested in an existing variable annuity?
Also, will the Secure Act 2.0 get passed this year?
Can funds RMD be invested in an existing variable annuity?
Also, will the Secure Act 2.0 get passed this year?
Permalink Submitted by Alan - IRA critic on Sun, 2021-08-15 17:14
Yes, the taxes on the RMD will be due, but the funds can be invested in a non qualified annuity. As for Secure 2.0. I cannot predict whether the political process will result in passage this year or not.