Asked 2/13/2010
|
Ira 72t I am 60 with about $470,000 in my IRA in an annuity. I want to split my IRA and move the required amount I need to complete my 72T into an IRA at my credit union, The balance I want to move to another annuity. I will keep the EXACT same payment that I was required when I started my 72t. The credit union will report my payment as a 72t. So I will have the same payment for 5 years paid through age 591/2. But I will end up with two IRA's. My advisior says this is okay since the calculation was based on where I started 3 years ago. Is this correct? |
Type your Answer in the box below and post your answer.
Related Questions (Ask a New Question)
Will there be tax assessed if i should sell 10 years of an annuity from a civil settlement to a company that specializes in such deals?
My mother passed away recently and i have received a death benefit package from hartford annuity where she had her contract. i am going to receive a lump sum payment.should i have let hartford take out the 25% to cover my tax liability or should i just have tehm send me the intire amount and report...
I have alimony and annuity income in 2007. can i still use the 1040 form to report this?
|
Will there be tax assessed if i should sell 10 years of an annuity from a civil settlement... |
|
Annuity distribution from a deat benefit My mother passed away recently and i have received a death benefit package from hartford annuity... |
|
I have alimony and annuity income in 2007. can i still use the 1040 form to report this? |
|
I sit on a pension board for the local, police dept, we would like to buy an annuity for... |
|
My dad passed away and my mom received $34,000 from an annuity in his name. must she pay... |
|
Taxable portion of survivor's annuity I am receiving $13,884 annually as a survivor annuity, due to the death of my husband (former... |
Ask A Question
Ask a new question about
Annuity: