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Non-qualified annuities

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ByBeachbum

L1: Non-qualified annuitiesIf one is taking SEPP’s from an idividually purchased non-qualified annuity can one do a 1035 exchange of the annuity to another company and continue the withdrawals from the new company in the EXACT same manner without any dire tax consequences?2003-06-25 11:19, By: Beachbum, IP: [127.0.0.1]
L2: Non-qualified annuitiesShould be no problem – check with the new insurance company to see if they will honor the old plan and use a code of “2” – if not, still not a problem, merely be ready to justify the plan if audited.
2003-06-25 15:26, By: Gfw, IP: [127.0.0.1]

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