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Tag Archive: annuity specialist rocklin CA

Will I Pay Taxes If I Exchange My Annuity For A Better One?

James D. Kersey

In my 33 year career, my clients have always been inquisitive of the tax consequences of moving money from one account to another. As we review current and prospective clients’ annuity contracts and they come to realize that there may be a better solution, they all seem to want to know the answer to that all important question of “Will I pay taxes if I exchange my annuity for a better one?” My answer is always the same: “No!”  Even though the IRS always seems...

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