4
votes
2answers
726 views

Can I roll my non-qualified variable annuity into a tradional IRA?

I have a variable annuity that I invested $80,000 into 10 years ago. Performance has been horrible and I'm down to $72,000. I am 38 and want to put into a traditional IRA. Are there tax consequences ...
1
vote
2answers
89 views

Evaluating Fees Involved with Combining IRAs

I have several Simple IRAs with several different companies a few of which are not being contributed to actively. I recently received the advice that "as a rule" having a single account is better. ...
2
votes
2answers
378 views

At retirement age, can I roll my IRA variable annuity into a bank IRA?

I have reached retirement age and have a variable annuity with Hartford. I would like to get out of the annuity and roll over into a bank account IRA. I have held the product for 12 years and there ...
8
votes
4answers
381 views

Who buys variable annuities?

Last year the people making my taxes suggested a variable annuity instead of my traditional IRA. This variable annuity was supposed to guarantee 8% return year after year with no exception or market ...