Expert Q&A

Depends on what you investment vehicle you are transferring each of these to, or if you’re transferring these to someone else. Your question is not as easily answered since I would need to know a bit more. Generally speaking though, if you transfer from like type of vehicle to like type of vehicle (life to life, annuity to annuity, 401k to 401k OR IRA) there is usually no tax implications, depending on how the “transfer” was handled according to paperwork completed. For a more in-depth answer, I would need more clarification on the transferring “to who” or “to what” – thanks!