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Retirement tax questions
A 401(k) rollover into a Traditional IRA is a non-taxable event.
That is simply a rollover into a Traditional IRA and then the IRA purchases an annuity within the IRA. You can do that with any Traditional IRA no matter how the money got into the IRA. You might want to research that and get financial advice since many experts believe an annuity within an IRA is a very bad investment.
That is simply a rollover into a Traditional IRA and then the IRA purchases an annuity within the IRA. You can do that with any Traditional IRA no matter how the money got into the IRA. You might want to research that and get financial advice since many experts believe an annuity within an IRA is a very bad investment.
**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.**
‎June 5, 2019
5:07 PM