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Annuity
I am 95 and have a non-qualified annuity that I have not yet taken income from. Is there an IRS penalty if I extend the annuity date?
2 Replies

Anonymous
Not applicable
January 27, 2020
2:10 PM
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Annuity
why not ask the annuity company as to the tax consequences.
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Annuity
Non-qualified annuities are NOT subject to RMDs (required minimum distributions). There is no IRS penalty for non-withdrawal or for extending the annuity date.
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