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Subject:  Re: Annuities withdrawls Date:  1/21/2000  3:54 PM
Author:  TMFPixy Number:  18068 of 87979

Greetings, Al, and welcome. You asked:

<<My wife and I have three annuities with different firms. Do we have to start taking money from them like IRAs at 70 1/2?>>

If this is an ordinary annuity product that you purchased outside of an IRA or outside a qualified retirement plan like a 403b/401k, then there is no required distribution at age 70 1/2. The terms of your contract will dictate when withdrawals in the form of the annuity must begin.

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