So if someone already has a mutual fund within a roth ira, but is unsure about the risk and wants to see other ideas (he's also very young but pours 500 a month into it), is there a way somehow to rollover the funds in his mutual funds into an annuity whether its indexed or fixed, without making it a taxable event? I know 1035 is only for likeness, wasn't sure if there were special withdrawal events etc. or other ways.
Appreciating all the great feedback!
Where's Larry at?
Yes, it is called a trustee to trustee IRA transfer...there are other ways but this is normally the cleanest. It is not called a rollover (you want to be careful using that word because it has other implications) and 1035 is specific to non-qualified life and annuities.