move variable annuity to IRA?

nobody101 · Joined: 25 Aug 2007 Posts: 4

Hello,

8 yrs. ago, I stupidly moved a 401K account into a variable annuity. This
was a tax-deferred investment. The surrender charges now have expired, and
I want to rollover the annuity
to an IRA. Can you do this?

Thanks,

Archived from group: misc>taxes

Arthur Kamlet · Joined: 25 Aug 2007 Posts: 2053

In article ,
nobody101 wrote:
>Hello,
>
>8 yrs. ago, I stupidly moved a 401K account into a variable annuity. This
>was a tax-deferred investment. The surrender charges now have expired, and
>I want to rollover the annuity
>to an IRA. Can you do this?

You paid no tax when you did that move, right? Then the annuity is
in a plan which allows direct rollovers to an IRA without penalty.

--

ArtKamlet at a o l dot c o m Columbus OH K2PZH

nobody101 · Joined: 25 Aug 2007 Posts: 4

Correct, I paid no tax - it was direct rollover from the 401K.

"Arthur Kamlet" wrote in message $67k$1@panix3.panix.com...
> In article ,
> nobody101 wrote:
>>Hello,
>>
>>8 yrs. ago, I stupidly moved a 401K account into a variable annuity. This
>>was a tax-deferred investment. The surrender charges now have expired,
>>and
>>I want to rollover the annuity
>>to an IRA. Can you do this?
>
>
>
> You paid no tax when you did that move, right? Then the annuity is
> in a plan which allows direct rollovers to an IRA without penalty.
>
> --
>
>
> ArtKamlet at a o l dot c o m Columbus OH K2PZH

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