Deferred Variable Annuity

Deferred Variable Annuity
Deferred variable annuity Roth IRA?

Is it possible to roll deferred variable annuity to a Roth IRA? I said I was going to lose money and the best way is to put on hold the annuity and stop contributing to it and open a Roth IRA from scratch.

yes. A variable annuity is an investment y and the Roth IRA is a certain type of account. You do not pay the fine by 10% if 59.5 or more, but the tax may apply. You will not pay the fee if they are below 10% 59.5 if your variable annuity is anyone of these …. 1.qualified pension plan for employees (section 403 (a)) 2.Tax protected pension plan (section 403 (b)) 3. A deferred compensation plan (457), of course, tax can apply. It is necessary to consider other options such as tax consequences, age, of course, the limits of your AGI for Roth IRA. If it was me and I was 59.5 years old, I just want to stop the annuity and start a Roth IRA, Max Roth and 401k my first and that any surplus savings to put in my pension.

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