"If she's 73 and if the annuity is inside an IRA, then she has already begun mandatory minimum required distributions from that IRA in the form of a term certain or life annuity. You would need to check with the issuer to see what pay-out method they are using. If it can be surrendered for remaining cash value, then that's the payout method you will have to continue using in the new IRA."

Thank you for your reply. I am still not sure I fully understand the above.

Assuming that she can surrender the annuity for remaining cash value, then whatever method - Term Certain or Life Annuity - she is now receiving as a distribution will be the method needed for continued distributions. Am I understanding this correctly?

Do you know where I can learn how to make these distribution calculations?

BGP