Your annuity may still be a qualified plan if it was purchased with funds from your qualified pension plan.
The classification of your annuity depends on how it was set up:
- Qualified Annuity: If the annuity was purchased with funds from your qualified pension plan (e.g., 401(k), 403(b)), it remains a qualified annuity.
- Non-Qualified Annuity: If the annuity was purchased with after-tax funds or outside of a qualified retirement plan, it would be considered a non-qualified annuity.
To determine the exact classification, you will need to review the documentation provided by your employer or the insurance company.
