Roth annuity withdrawal
Roth is over 5 years old, I am over 59 years of age.
Can a distribution from this 10 year old variable annuity be transferred, as Roth money, to an existing Roth account with another provider and not as non-qualified cash?
Terry Says
Well, I’ve never written about a Roth Annuity — primarily because it is typically a bad idea! Why pay annuity fees for tax-free growth –when you already have tax-free growth in your Roth IRA?! YOu just made some annuity salesman a great commission!
You’ll have to check with the company that sold you the annuity about any restrictions on transferring the money back into a Roth IRA.
