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JohnO,
You seem to know something about this. Great! I
have a couple annuities that I have very few
options with in a bear market. I would like to
move them into my IRAs.
I've had them both for 7 or 8 years. Will there be
any form of penalties?
Is the 1035 exchange an IRS form?
Can I have my IRA broker make the transfer from
the other two?
What are the snags or downsides that I might not
be aware of? Hidden costs?
Thanks!!!
Steve
On Wed, 10 Dec 2003 20:06:23 -0500,
jdfo@xxxxxxxxxxx wrote:
Yes, you can do this, but it must be done within a
60 day window. You should have done as previously
suggested, a 1035
exchange.
JohnO
----- Original Message -----
From:
Randy
To: Charles Meyer
Sent: Tuesday, December 09, 2003 9:59
AM
Subject: Re: [RT] GEN: ANNUITY INTO IRA
(ROTH)
Hello Charles,Friday, December 5, 2003, 3:56:28
PM,
you wrote:CM> Group-CM> Does anyone know if it
is
possible to roll a variable annuity over (after
money is taken out and taxes
paid) into an IRA; which would probably be a
Roth IRA?CM> Thanks
for any feedback.CM> ChasCheck into the
possibility of
doing a 1035 exchange.-- Best
regards,Randy
mailto:rr@xxxxxxxxxxxxxxx
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