Is a Retirement Cornerstone Deferred Annuity,the same as an IRA and entering my retirement pay can I select that I rolled the money over to another retirement account?

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Is a Retirement Cornerstone Deferred Annuity,the same as an IRA and entering my retirement pay can I select that I rolled the money over to another retirement account?

An annuity is not an IRA. Most annuities are non-qualified and are not eligible for rollover. Ask the trustee of the annuity.

**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.**

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Is a Retirement Cornerstone Deferred Annuity,the same as an IRA and entering my retirement pay can I select that I rolled the money over to another retirement account?

An annuity is not an IRA. Most annuities are non-qualified and are not eligible for rollover. Ask the trustee of the annuity.

**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.**

Is a Retirement Cornerstone Deferred Annuity,the same as an IRA and entering my retirement pay can I select that I rolled the money over to another retirement account?

To expand on what macuser_22 said, this *could* be an IRA annuity that was eligible to receive the rollover, but isn't necessarily. You would have to contact the annuity company to find out if this is an IRA annuity or not.