You Can Rollover Your IRA In to a Qualified Annuity

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*Do you want a nonqualified annuity for your nonqualified savings and investments?
If you possess investments not in a qualified plan, you are able to use those to invest in an annuity. But you'd probably need to cash out all those investments - paying what ever tax is due on all of them. Then you'd simply commit that cash in your own annuity.
In this situation it'd be a nonqualified annuity. Its earnings would be tax-deferred, but only a part of each of your own annuity payments would end up being taxable income; the other would be a come back of basis - i actually. e. the amount (i. e. the premium) you paid for the annuity.

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Here's how a person do it:
1. Find the annuity you intend to place your cash into.
2 . Open the annuity account making certain it lists your title and contact information exactly as it reads on your qualified plan statement. Create sure this new accounts application states that it can funded by a skidding from your IRA or even other qualified plan.
three or more. Contact your qualified plan custodian and request the rollover package.

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