IRA annuity vs. brokerage IRA
When my husband passed away our accounts(maybe 403-B’s) were put together into one IRA account for me. I thought is was just an IRA, but it turns out it is an IRA annuity. I am turning 73 this year so I need to take out my RMD. The person handling the account is suggesting that I change the account into a brokerage IRA. Is this something I should do? What is the difference between them? Also I have another IRA somewhere else. Would it be a good idea to combine the two accounts. Thank you very much for your views.
Terry Says
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