@Woot & StinkyI have a Canvas MYGA maturing the third week of September and will probably do a 1035 exchange from Canvas into a Gainbridge MYGA.
Does the 1035 exchange from one insurance company's MYGA to another prevent a taxable event upon maturity of the 1st MYGA until the maturity of the new MYGA?
I think I want to structure something like this with a 3 year Canvas, then 1035 it to a 3 or 6 year Gainbridge (or whoever has a good rate at the time)
Woot, Keep us posted on how it goes. Thx.
Statistics: Posted by MrM1 — Thu Jun 27, 2024 7:28 am — Replies 2517 — Views 336283
