nancy
Oct 21 2002, 05:10 PM
Can funds in a trusteed IRA account be used to purchase a single premium deferred annuity?
mbozek
Oct 21 2002, 08:02 PM
while an IRA annuity does not have to be placed in a trust there is no prohibition against placing the annuity contaract in a trust . The problem is to find a trustee who will hold the annuity as an aset in the trust or custial account. Or are you referring to a trust established by an IRA owner in which an individual will act as trustee?