ReneV4
Employee Tax Expert

Retirement tax questions

No. Arranging regular withdrawals from a 401k is generally not an annuity.

 

An annuity is a contract you purchased from an insurance company that guarantees income for a set period, or for life.

 

Therefore, since these are only withdrawals you have scheduled from your 401k to cover your RMD, answer no to the annuity question.

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