Rollover of ROTH-IRA to Annuity

[Guest JBlanchard]

I have a client that has a ROTH-IRA with 1-1/2 years left on the 5-yr requirement on distributions. The client is interested in rolling over the ROTH-IRA into an annuity. I assume since it is a ROTH-IRA, the funds are "non-qualified". (If the client had a Traditional-IRA, I would assume the funds would then be "qualified")? My questions are: 1) Can one rollover a ROTH-IRA into an annuity; 2) If so, would the annuity be "qualified" or "non-qualified"; and 3) Am I correct in the assumption that the 5-year holding period does not apply to this transaction, since it is actually a "rollover" of the ROTH-IRA and not a "distribution or withdrawal"? Thank you, Jeff Blanchard (E-Mail: jeffreyblanchard@msn.com)