No. of Recommendations: 0
I have a couple more questions...

Since I've earned wages in 2000, can't I technically cash out the annuity and legally use my earned wages for the Roth IRA (and the annuity money for other expenses)?

Thanks for the tip on transferring providers. Do I still have to pay taxes if I transfer my annuity?

If I transfer the annuity to another provider, do you think it's worth saving the fees but forego the benefits of having any money invested in an IRA for 2000?

Again, I appreciate any help you can give me!
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement