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Sep 1 2009
I Am 58 Yrs Old. Closed Annuity And Am Reinvesting In A Mutual Fund With Another Co. Will I Avoid Tax Burden?
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i am 58 yrs old. i closed my annuity account and i am going to reinvest with another company in a mutual fund. will i avoid the tax burden since i closed out account before i am 59 1/2 and 1 am reinvesting within 60 days?
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inthelea said:
You must complete the rollover by the 60th day following the day on which you receive the distribution.
An exception to this rule is if the annuity was from a qualified retirement plan (other than an IRA) after your separation from service in or after the year you reached age 55 .September 1st, 2009 at 5:05 pm