Reply To: Can Surrendered IRA Life Insurance Annuity QCD?

Home Fairmark Forum Retirement Savings and Benefits Can Surrendered IRA Life Insurance Annuity QCD? Reply To: Can Surrendered IRA Life Insurance Annuity QCD?

#5037
Jannie
Participant

I am confused – USAA Life insurance company has it as my Individual Retirement Annuity Contract in my name. The interest (which went into the annuity) wasn’t shown to me as interest income as I didn’t receive a 1099 for my taxes. I did ask about the Qualified Charitable distribution and was assured that if a surrendered the entire amount would be shown as a RMD & it does say in the letter that this satisfies my RMD.
Thank you for any guidance you can give.