- quote -

Some stock index funds have minimal taxibility- internal
turnover and low dividents may throw off less than one
percent annual taxable income. The rest of gain would be
long term capital gain. Sometimes real estate works too, but
you haver to be careful about annual property taxes 1%-3% or
more.

I also notice some of the big mutual fund house have gotten
in the VA game. Used to be that VAs might have 2% insurance
and maintenance charges wrapping mutual funds with 2%
overhead for a 4% total overhead. Plus an early sales
penalty up to seven percent to sell the VA in less than
seven years. Fidelity has some VAs with 0.4% total
overhead, no sales penalty, and several dozen mutual fund
choices. They do prohibit day-trading internal funds by
limiting trades to one or two a month.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

"Ben" <Nope[at]what.com> wrote:

- quote -

As a point of clarity for the OP and lurkers in general -
because of the intricacies of the tax laws it is usually
best to ask a question relating to what you want to
accomplish rather than asking a specific logistical
question.

For example, you ask about transferring a substantial amount
of nonqualified money into an IRA or other retirement
account. The answer this is generally a resounding no,
except for the normal allowable contributions.

However, if your real question is more like "is there a
place where I can park a sum of nonqualified money so that
it will grow tax deferred, where I can similar benefits as
IF it were an IRA, and where there are NO limits on how much
money I can put in?" then the answer is YES! An annuity,
variable, fixed or indexed, will work for this.

The questions may sound similar, but there are differences.
This is also why responses will frequently include
extrapolations of the original question or assume facts not
in evidence.

Gene E. Utterback, EA, RFC

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

- quote -

No

--
Phil Marti
Clarksburg, MD

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

Is there any way to transfer a non-retirement account large
bulk sum into an IRA or some other retirement account? I
suspect it's not doable but would like to ask for advice.

Thanks

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >