What can I rollover my variable annuity into?
I need to liquidate a variable annuity now but don't want to get the HUGE tax hit I'm 52 . What can I do? Can I roll it over into something else?
A guaranteed payout annuity floor (GPAF) rider in a variable annuity guarantees what?
a the owner can eventually annuitize a certain minimum guaranteed income base regardless of how poorly the owner s investment choices performb the owner can make withdrawals free of surrender charges if the owner needs long term carec once payouts begin, no payment will ever be less than a specified percentage of the first paymentd the owner will receive at least a return of principal, in a lump sum, after a specified waiting period
Can I move my variable annuities into my Roth IRA? Should I?
I have two variable annuity funds from previous jobs. One is from TIAA Cref, and is worth $10,000. The other is from Vanguard, and is worth $2,500.I'm 33 years old, and I'm currently contributing to a Vanguard Roth IRA.Would it be possible to move the annuity funds into the IRA? If so, is this advisable, and what are the tax implications?If not, is there something else I can do with the annuities besides hold onto them? The companies charge low service fees, but I know now that annuities are not the best investment for a person my age.The annuities are in 403 b accounts.
Need Opionion on Pacific Life variable annuities?
I was looking for opinions on variable annuity. I am 30 and would be investing long term but have read there can be too many fees to make the tax benefits worth it. I haven't researched or met with other companies as of yet but it seems that Pacific Life is more expensive than others. Any opinions or suggestions?
Roth IRA/Variable annuity?
I have an 80 year old relative with less then 100K in a variable annuity. Its basis is probably about 25K meaning there is about 75K in appreciation over a 20 year period. My relative will not need this money before death other then the small amount of interest it throws off monthly. This relative also wouldnt want to take a current distribution of this money because it would disturb an income based prescription drug benefit. The main concern is the tax liability to the heirs. What are some good strategies to avoid the taxation?
