You can roll over your IRA, 401(k), 403(b), or lump sum pension payment into an annuity tax-free.
A designated beneficiary is a person who has been named to inherit an asset, such as the balance of anindividual retirement account(IRA),annuity, or life insurance policy after the death of the asset's owner. It is also known as anamed beneficiary. TheSetting Every Community Up for Retireme...
If only one spouse works, the working spouse can make an IRA contribution on behalf of the non-working spouse. "If you don't have income, you can't put money in an IRA unless you are a spouse of someone who has income. Then you can do a spousal IRA," says Francine Duke, a ...
Under Section 1035 of the Internal Revenue Code, you are allowed to transfer tax-free an insurance policy to another insurance policy or to an annuity. You can transfer an annuity to another annuity but not to an insurance policy. You can consider 1035 transfers to be rollovers because they ...