I have a endowment 65 policy that I was told on short notice that i had take the proceeds from. I was told that I couldn’t roll it over into an IRA but that it would disqualify me from taking a Saver’s Credit on my federal tax return for putting any other funds into an Roth IRA because it is considered a qualified plan distribution. If it is a qualified plan for the distribution why couldn’t I roll it over into another qualified plan (ex IRA)?
Is an endowment 65 policy an IRS qualified retirement plan?
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