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Asked 12/30/2008
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I have an annuity which has reached it's first renewal date. My Allianz bonus dex annuity reached it's maturity anniversary. I want to know since I'm only 56 years old if I should roll over to an IRA or 401K to protect assets and maximize benefit since I can't make penalty free withdrawls for at least six to nine more years. |
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Work for an insurance company and they tell me on retirement my 402k will be used to purchase an annuity, i thought i had some say on where my 401k went? i wanted a lump sum tomove to a mutual fund company like fidelity.
Assume i accumulate $2 million in my 401k/iras. i am considering purchasing an annuity with a portion of my balance at age 65. are the required minimum distributions calculated on the remaining balance? my spouse is 8 years younger.
Do the distributions taken prior to age 70 1/2 have an effect on the mrd? if i purchase an annuity with a portion of my account balance at age 65, do i calculate mrd based on remaining balance?
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Do the distributions taken prior to age 70 1/2 have an effect on the mrd? if i purchase an... |
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Can i rollover only a portion of my 401k to an immediate annuity? Can i rollover only a portion of my 401k to an immediate annuity? |
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