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Retirement tax questions
@cspyon wrote:
Oh, it's my own Roth IRA! But I've got some other traditional IRAs sponsored by my previous company, including the annunity plan that I already mentioned.
I think that you are confused. Companies DO NOT sponsor Traditional IRA's (IRA's are Individual Retirement Plans that you hold in a financial institutions and has nothing whatsoever to do with an employer or employers plan. Employers sponsor plans such as 401(k)'s (that can be rolled into an IRA when leaving employment but that becomes your own IRA at that point).
Also I don't see that you mentioned company annuity, but a company annuity that pays a periodic payment (such as each month) is a pension which is totally different.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎August 20, 2020
2:40 PM