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Elberto, chances are you can end the annuity when it matures. . .

You need to talk to the Lincoln Financial people about that. Annuities come in a zillion sizes and flavors and all of them have their own rules. If it is still in your IRA the important thing is to keep the proceeds within your IRA after it matures. You should be able to pick your own investment at that point and still not pay any tax on it.
[Post edited by vawter85 at 01/13/2021 1:02PM]

(In response to this post by ElbertoHokie)

Posted: 01/13/2021 at 1:01PM

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Current Thread:

Question on taking distributions from an annuity -- ElbertoHokie 01/13/2021 11:44AM

Elberto, chances are you can end the annuity when it matures. . . -- vawter85 01/13/2021 1:01PM

I would contact the administrator of your old 401k to see what your options -- Hokie360 01/13/2021 11:49AM

It's not in the 401k it's an IRA but in an annuity that tracks the S&P 500 -- ElbertoHokie 01/13/2021 11:53AM

Annuities are expensive. Ask them what fees they -- GreenvilleVT 01/13/2021 1:01PM

Would roll that into another IRA. Tell them to "make it happen!" ** -- EDGEMAN 01/13/2021 12:14PM

And skip the annuity. The best thing about the annuity is the -- Hokie360 01/13/2021 12:53PM