Does anyone know if a client can take the proceeds of a non-qualified beneficiary account and 1035 over to another company, assuming, of course, that he adheres to the proper IRS guidelines in terms of taking distributions (w/5yrs, or annuitized, stretch) once the funds land at the new provider?
1035 a NQ Beneficiary Account
- Thread starter nycagent
- Start date
- 1,641
Been a while since I researhced it, but I believe the answer is no, you cannot 1035 and then stretch. I want to think the answer is no to all and that any withdrawals are taxable events. It was a pain to look up before, so this is the best answer I am willing to provide.
Call the carrier and ask them.
Call the carrier and ask them.
