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Greetings, Etimbus, and welcome. You asked:

<<I just found out the other day that my mother has a 10 year annuity through a insurance company. They have been sending her lots of letters lately about reinvesting with them, and not to let anybody talk her out of it. Yeh. I told her that annuities are not a real good investment and she could do better elsewhere. Is it possible to roll it into one of her IRA's or is she going to get taxed on liquidating it no matter what. >>

If (and only if) originally that annuity was purchased inside of an IRA or as part of a qualified retirement plan like a 403b or 401k, then the proceeds of that annuity may be transferred to IRA of her choice on its surrender. Otherwise they cannot, so your mother will pay ordinary income taxes on any gain within that annuity when she liquidates it.

Regards..Pixy
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