IRA to annnuity
In completing some estate planning, I (80 yo) took a disbursement from a traditional IRA to purchase a life insurance annuity. Is this considered a rollover to a qualified retirement account for income tax purposes?
In completing some estate planning, I (80 yo) took a disbursement from a traditional IRA to purchase a life insurance annuity. Is this considered a rollover to a qualified retirement account for income tax purposes?
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