No. of Recommendations: 0
Although I have read through previous postings I am still confused. I have an annuity from a previous job that I left 11 years ago. I have not added anything to it since leaving but continue to pay management fees on it. It is not much money (around $5000) and I would like to move it to either an existing Roth IRA or to a new self-directed Roth IRA. Can I do this at age 46? And if so will I encounter surrender fees and/or other penalties(because I am withdrawing before age 59 1/2)? If this has been answered previously please refer me. Thanks.
Print the post  


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!
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.
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.