SPIA and Non-qualified Money | Ed Slott and Company, LLC

SPIA and Non-qualified Money

I know generally it is about IRA money. But how will penalty work on using a NQ money inside a SPIA under the age 59.5-

A pro rated amount of each year's payments would be non taxable as shown on the 1099R. The insurance company will compute the breakdown based on estimated earnings over the period of the annuity.


Find members of Ed Slott's Elite IRA Advisor GroupSM in your area.
We neither keep nor share your information entered on this form.

I agree to the terms and services:

You may review the terms and conditions here.