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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75791  
Subject: Re: Tax-deferred annuity Date: 10/20/1998 1:01 PM
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Lori, you asked:

I've been wondering myself about tax deferred annuities. I'm self-employed but realized that the money I was putting into my SEP-IRA wasn't going to be enough to retire on--unless I developed the desire to live in a cardboard box.

I took a part-time sales job so that I could have a regular IRA in addition to the sep, and I started a tax-deferred, variable annuity.

Here's my question--at some point down the road, if I wanted to simplify my paperwork by consolodating everything, can the annuity money be transferred into an IRA???


Unless the annuity is already inside an IRA, then the answer is no. See my response to 2gynkv for details.

Regards…..Pixy

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