12garner
New Member

Receive interest only payments on a monthly basis from my annuity.Is this considered regular payments from my annuity since I am not taking a payment from the principle?

I am newly retired and my financial planner arranged for my monthly interest on my fixed annuities ( two of them through Pac.Life) to come to me toward my retirement money.  Is this considered a regular payment since it is interest only?   I received a 1099-R for it.