Story thread · 9 reports / 2 sources

He Bought a $200,000 Annuity With Savings. His Brother Bought the Same One Inside His IRA, but Only One of Them Pays Tax on the Whole Check

247wallst.com · 5dShare

Two brothers bought the exact same annuity from the same carrier in the same week, and when the monthly checks started arriving, the IRS treated them as completely different transactions. Where the money came from before the purchase changed everything.

First report: Your RMD Doesn’t Have to Be Cash: He Moved the Shares Themselves Out of the IRA, Paid the Exact Same Tax and Never Had to Sell at the Bottom — 247wallst.com, 7d