A variable annuity is a tax-deferred retirement vehicle that allows for the accumulation of capital on a tax-deferred basis. It offers investors the ability to invest professionally managed sub accounts consisting of various asset classes (stocks, bonds and money market funds).
Questions tagged [variable-annuity]
11 questions
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Who buys variable annuities?
Last year the people making my taxes suggested a variable annuity instead of my traditional IRA. This variable annuity was supposed to guarantee 8% return year after year with no exception or market value whatever is higher in every period.
It was…
Geo
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Can I roll my non-qualified variable annuity into a tradional IRA?
I have a variable annuity that I invested $80,000 into 10 years ago. Performance has been horrible and I'm down to $72,000. I am 38 and want to put into a traditional IRA. Are there tax consequences because I have lost money?
thomas prosser
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Variable Annuity inside a Roth IRA? What is this and how can I switch it to something else?
Right out of college I started a Roth IRA through a financial advisor that I knew in school. I had it for a few years, then in 2004 he called me up and wanted to switch it to a "Flexible Premium Deferred Variable Annuity" because he thought it would…
codeConcussion
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Why would I want to hold a variable Annuity in a Roth IRA?
After college I started contributing to a Roth IRA through a financial advisor that I knew and trusted. I had it for 10 years, then in 2009 I moved and found a new advisor based on a referral from someone I trusted, he's a CFP. He put me in a new…
Mark
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How can "fund performance" and "unit values" go in opposite directions?
I have a "variable annuity" with Lincoln. They have a "historic unit values" page that says fund X increased 40% since the end of last year, to yesterday. And that fund Y increased 23%.
But they also have a "fund performance" PDF dated 30 SEP 2015…
WGroleau
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At retirement age, can I roll my IRA variable annuity into a bank IRA?
I have reached retirement age and have a variable annuity with Hartford. I would like to get out of the annuity and roll over into a bank account IRA. I have held the product for 12 years and there is no penalty for withdrawal. Can I do this?
Linda McFatter
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Evaluating Fees Involved with Combining IRAs
I have several Simple IRAs with several different companies a few of which are not being contributed to actively. I recently received the advice that "as a rule" having a single account is better. However, one of the accounts has a significant…
user3164
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Employer rollover from 403b to 401k?
Can an Employer convert from an existing 403b plan (variable annuity) and transfer all assets to a new employer sponsored 401k plan?
user25067
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Transferring IRA funds into Spousal Roth IRA
I have a Variable Annuity IRA from which I am taking distributions which exceed my RMD. That excess distribution has been previously rolled over into my Roth IRA. Is it allowable to roll over these excess funds into my wife's Roth IRA?
My annuity is…
K Miller
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What does it mean for an annuity to "accept funds" from SEP IRAs?
I am not sure what it means for an annuity to "accept funds" from SEP IRAs. Does it mean that the purchase of an annuity using funds in a SEP IRA does not constitute a withdrawal of funds from the SEP account? The annuity, in effect, is being held…
Tim
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Variable Annuity Vs Roth IRA Vs 401K. Pros & Cons of Investment Plans
I'm trying to understand the pros and cons of Variable Annuity products like Mass Mutual Transitions Select.
I worked for a few employers for a short term like 1 to 2 years and had 401K with them. That was 10 years ago. A friend suggested me Mass…
wonderful world
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