The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/can-an-annuity-be-rolled-over-into-an-roth-ira-10823917.aspx

Subject:  Can an annuity be rolled over into an Roth IRA? Date:  5/1/1999  9:41 AM
Author:  fontel Number:  10266 of 75825

Before I became a Fool, 2 years ago, for lack of knowing better I bought a variable annuity that has grown approximately 30%. With the high fees I am paying, I feel bad about that investment decision.

I am trying to get out of it without paying Oncle Sam the extra 10% early withdrawl fee. Does any of the Fools know if I can roll it over into a Roth IRA?

I sincerely appreciate your educated opinion.
Thanks and have a prosperous life.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us