Can Annuities Be Rolled Over To An IRA?

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   David RacichPRO

   Fountain Hills, Arizona

   Non-qualified annuities can not be "rolled over" into a qualified plans. Now that's not to say that proceeds from a surrendered annuity can't be used as a contribution into your qualified plans, but taxation and penalties could present a negative economic result for using those funds for a qualified retirement plan. Check with your tax consultant first before moving forward with your annuity.

   Answered on July 21, 2013

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