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Financial Planning / Estate Planning and the Fool
|Subject: 1035 Exchange - Inherited Annuity||Date: 10/29/2012 6:30 PM|
|Author: BaumgrenzeJohn||Number: 4100 of 4325|
Can the 1/3 beneficiary of an inherited fixed annuity take a cash payout from the issuing company and make a timely whole or partial tax-free annuity reinvestment of the cash with another issuing company?
If so, am I correct in recalling that 60 days are allowed to complete the transaction?
If so, is the paper trail a difficult one to establish, or should the new issuer be able to help the investor through the proper steps?
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