Can you roll an annuity into a CD without paying taxes? | Ep.19
About this episode
In this episode, we break down the tax implications of moving funds from an annuity into a certificate of deposit (CD). If you’re considering rolling your non-IRA annuity into a CD, it's crucial to understand the tax consequences. We explore why non-qualified annuities grow tax-deferred and how moving funds to a CD can trigger taxes on any earnings you've accumulated. But don’t worry, we also cover a tax-free strategy for those with IRA annuities. Discover how you can roll your IRA annuity into an IRA CD through a custodian-to-custodian transfer without facing immediate tax consequences, making it a smart option for those seeking conservative growth. Tune in to learn more about navigating annuities, CDs, and taxes!
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