Annuity transfer
Can I transfer an Annuity to an IRA savings account? I’ve had the F&G Flexible Premium Deferred Annuity since 08/01/2014.
Terry Says
No, if you purchased the annuity outside your IRA, you cannot transfer it INTO an IRA. But I’m not sure that’s what you’re asking. Are you asking if you can get “out” of this annuity –and just move the money into savings?
That would depend on the terms of the annuity. There would certainly be taxes on the gains. To get an honest appraisal of your alternatives, set up an appointment with Stan Haithcock at www.StantheAnnuityMan.com,