You Can Rollover Your IRA Right into a Qualified Annuity

You can rollover your qualified strategy into a qualified annuity.
This eliminates any taxation on transferring your certified plan money into the non-qualified annuity. Here's the particular scoop....
You may have invested cash in your qualified program - like your IRA or a 401(k) strategy - but are now looking to move this into an annuity. Maybe you like the confidence that a fixed annuity can give you. You could get the deferred annuity and decide later to annuitize this into monthly payments.



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Here's how a person do it:
1. Find the annuity you wish to place your cash into.
second . Open the particular annuity account making sure it lists your name and contact information exactly as it reads on your qualified plan statement. Create sure this new account application states that it's funded by a rollover from your IRA or even other qualified plan.
a few. Contact your qualified strategy custodian and request a rollover package.



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