LXEX55
Recycles dryer sheets
My understanding is that if an annuity is purchased within a 401k or IRA, the month payout is taxed as regular income. Also, if a person purchases an annuity within their 401k, whatever money is remaining in the account(s) is subject to the required minimum withdrawal rule, no matter how much you spent to purchase the annuity. Am I correct on these two assumptions?