1. Deferred income annuity (DIAs) - this is like an immediate annuity but with a delayed start date. Generally, DIAs cannot be cashed out so this purchase would be irrevocable. 2. Deferred Multiyear or Index annuity- this type is somewhat like a bank certificate of deposit but without FDIC...
Q. Is it possible to roll over my retirement savings, such as my 401k, IRA, or 403(b) accounts into an annuity without paying taxes?A. You can roll over your IRA, 401(k), 403(b), or lump sum pension payment into an annuity tax-free. Annuities funded with an IRA or 401(k) ...