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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
Not applicable


why not ask the annuity company as to the tax consequences. 

Expert Alumni


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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