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Making an IRA disappear?

02-01-2008, 04:38 PM	#1
cashflo2u2 Recycles dryer sheets Join Date: Oct 2007 Posts: 319	If, at age 70 1/2, one purchased an immediate fixed annuity with the entire balance of a traditional IRA, do you still have an IRA after the purchase? If the answer is yes, then what happens further in the future when the RMD requirement exceeds the annual payout on the annuity? If the answer is no, then the RMD requirement is forever satisfied when the annuity is purchased?

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