nancy Posted October 21, 2002 Posted October 21, 2002 Can funds in a trusteed IRA account be used to purchase a single premium deferred annuity?
mbozek Posted October 22, 2002 Posted October 22, 2002 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? mjb
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